government and not-for-profit organization

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1、GovernmentalandNot-far-ProfitOrganizations1.Governmentalaccounting(PartB)32.Not-for-profitorganizations,,423.Task-basedsimulations,,,794.Classquestions,..,85Financial9BeckerProfessionalEducationICPAExamReviewNOTESF9-21l;)2010OeVrvj8eckerEducationalDevelopmentCorp.Allrlshtsreserv

2、ed.BeckerProfessionalEducationICPAExamReviewFinancial9GOVERNMENTALACCOUNTING(PartB)I.GOVERNMENTALFINANCIALREPORTINGREQUIREMENTSOFGASB34A.Overview1.GovernmentalReportingStandardsThegovernmentalreportingstandardsestablishedbyGASB34requirepresentationofbasicfinancialstatementsandre

3、quiredsupplementaryinformation.Basicfinancialstatementsaredefinedasgovernment-widefinancialstatements,fundfinancialstatements,andnotestothefinancialstatements.Requiredandothersupplementaryinformationcoversawiderangeofdataandpresentations,includingmanagement'sdiscussionandanalysi

4、s,whichprecedethebasicfinancialstatementsandotherschedulesrelatedtobudget,pensionandinfrastructure.2.AccountabilityGovernmentalreportingfocusesontwoimportanttypesofaccountability:a.OperationalAccountabilityThefocusofgovernment-widefinanciaistatementsistoreporttheextenttowhichthe

5、governmenthasmetitsoperatingobjectivesefficientlyandeffectively,usingallresourcesavailableforthatpurpose,andtheextenttowhichitcancontinuetomeetitsobjectivesforthefuture.b.FiscalAccountabilityThefocusofthefundfinancialstatementsistodemonstratethatthegovernmententity'sactionsinthe

6、currentperiodhavecompliedwithpublicdecisionsconcerningtheraisingandspendingofpublicfundsintheshort-term(usuallyonebudgetarycycleoroneyear).3.IntegratedApproachTheintegratedapproachrequiresfinancialaccountinganddisclosuretoshow•operationalandfiscalaccountabilityindividuallyandtos

7、howtherelationshipbetweenoperationalandfiscalaccountabilitythroughareconciliation.Governmentalfinancialreportingintegratescomplementaryaccountabilityobjectivesasfollows:Management'sdiscussionandanalysisGovernment-wideFundfinancialfinancialstatements-•statementsNotestothefinancia

8、lstatementsIRequiredsupplementaryinformation(ot