Identify major functional expenses for spending

Assignment Help Accounting Basics

Reference no: EM132967171

GOOGLE American Heart Association AUDITED FINANCIAL STATEMENTS 2020

List the names of two financial statements and and important highlights, including the relationship of revenue to expenses, and of assets to liabilities. What is the major source of revenue? For the Net assets, describe the types (unrestricted, temporarily restricted, permanently restricted).

Identify major Functional Expenses for spending and program costs to accomplish mission?

Review the Notes to the Financial Statements and discuss two important Notes included in the annual report.

Note: Search for Audited Financial Statements. This report may have more information than the annual report. You may find, in your search, the A - 133 audit. Statements of Financial Position, Statements of Activities, Statements of Functional Expenses, Statements of Cash Flows, Notes to the Financial Statements.

(1) Comments on the Schedule of Findings and Questioned Costs (from the A-133 Audit).

(2) Access the IRS form 990. What is the FYE date? Comment on page 1 presentation, financial information, comparing from this year to last year. Who signed the form and what was the date.

(3) Using the IRS form 990, what do you learn about compensation and the management of the NFP entity? This is usually in Part VII, Section A.

(4) Part VIII Revenue: what are the major funding sources? How does the Revenue support mission?

(5) Part IX Functional Expenses: what are the major functional expenses? How do the Expenses support mission?

Reference no: EM132967171

Questions Cloud

Describe three ways e-commerce : Describe three ways e-commerce can provide services for its customers from the following list:

Describe the systems that can be used to store payroll : Describe the systems that can be used to store payroll records and explain why it is necessary to have effective storage systems.

Professional communication from normal communication : Provide specific examples of how you would communicate both face-to-face and virtually with your professional connections such as a professor manager and cowork

Calculate the current market value : Calculate the current market value (rounded off to the nearest whole number) and capital structure of the firm (rounded off to two decimal places).

Identify major functional expenses for spending : Identify major Functional Expenses for spending and program costs to accomplish mission and what do you learn about compensation and the management of the NFP

What kind of liberty is discussed by john stuart mill : What kind of liberty is discussed by John Stuart Mill?

Calculate the compound amount : Given the principal value of 10 000$, invested at the rate of 6% per annum, compounding on quarterly basis for 5 years. Calculate the compound amount?

Examine the role international bodies play : Examine the role international bodies play (such as GATS, the world Bank and or WTO) in international Trade. write a three paragraph essay outlining or discussi

Prepare the entries necessary to correct : Prepare the entries necessary to correct any errors in the Investments account, assuming that the Government of Canada bonds were being managed

User Account

All Pages