Explain the elements of governmental accounting

Assignment Help Accounting Basics
Reference no: EM131756243

Question: The elements of governmental accounting are different than the elements used for corporate accounting

a. explain what is different about how assets are defined for governmental accounting than for corporate GAAP

b. explain what is meant by a differed inflow and give example

c. explain what is meant by a differed outflow

Reference no: EM131756243

Questions Cloud

How much income should be recognize by the employee : An electronics store sold a home theater system to an employee for $300, even though the retail price was $500. The gross profit percentage is 40%.
Contribution of your organization in our philippine society : line describe the contribution of your organization in our Philippine society
Success of quality risk management on a project : How can Senior leadership have a significant role in ensuring the success of Quality Risk Management on a project?
Think maximization liner programing : What do you think maximization LINER PROGRAMING can also be used for ? Explain.
Explain the elements of governmental accounting : The elements of governmental accounting are different than the elements used for corporate accounting.
Create a research proposal : To assist you in the creation of that proposal, you will decide on a research topic and begin collecting empirical studies to support the need for research.
How many units must be sold to break-even for the month : How many units must be sold to break-even for the month, How many units do we need to sell to earn a profit of $240,000 for the month
Complete excluding time for instruction memory : If each instruction takes 5ns to complete excluding time for instruction memory read and data memory access, what is the total time to complete
Find minimum acceptable price per unit for the special order : Suppose there is not enough idle capacity to produce all of the units for the overseas customer and accepting the special order would require cutting back.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd