How should governments report the capital projects

Assignment Help Accounting Basics

Reference no: EM131765446

Question: Option #1: A Government Accounts for Inventory on the Consumption Basis

Instructions: Answer the following two questions in a 1-2 page document.

1: Why do some accountants believe that it should offset the year-end inventory balance with a fund balance-non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?

2: How should governments report their capital projects and debt service activities in their government-wide statements?

Requirements: Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.

Reference no: EM131765446

Questions Cloud

Describe the benefits of the sarbanes oxley act : Describe the benefits of the Sarbanes Oxley act for the improvements in financial reporting

What is the opportunity cost of making a component : What is the opportunity cost of making a component part in a factory given no alternative use of the capacity?

Discuss he asks you to show the before-and-after effects : He asks you to show the before-and-after effects of each option on retained earnings

What action would you like to implement : Create an Inner class called Student inside Students class with the following methods: default constructor, overloaded constructor, setID

How should governments report the capital projects : Why do some accountants believe that it should offset the year-end inventory balance with a fund balance-non-spendable when no comparable fund balance.

Prepare a schedule of interest revenue : Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method

Role of the human resources manager : Discuss the role of technology in human resources management. How has technology changed the role of the human resources manager?

Discuss why gaap does not allow inventory : Explain the definition of net realizable value and discuss why GAAP does not allow inventory to be valued above net realizable value

The subject of employee health and safety is a broad one : The subject of employee health and safety is a broad one. Chose only one element of employee health and safety and good deep into the subject.

User Account

All Pages