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ACCT 567 Competitive Success-- snaptutorial.com

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1 ACCT 567 Competitive Success-- snaptutorial.com

2 ACCT 567 Entire Course ­For more classes visits www.snaptutorial.com ACCT 567 Week 1 Exercises ACCT 567 Week 2 Case Study I ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10 ACCT 567 Week 3 Problems 5-3 and 6-5 ACCT 567 Week 4 Midterm Exam ACCT 567 Week 4 Problems 7-3 and 7-8

3 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 1 Exercises ­For more classes visits www.snaptutorial.com From the textbook, complete the following problems. Chapter 1: Exercise 1–3 Chapter 2: Exercises 2–3 and 2–5

4 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 2 Case Study I ­For more classes visits www.snaptutorial.com The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011. Debits Credits Cash $ 40,000 Taxes Receivable- Delinquent 142,000 Estimated Uncollectible Taxes- Delinquent 9,100 Interest and Penalties Receivable 32,000 Vouchers Payable 24,000

5 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10 ­For more classes visits www.snaptutorial.com From the textbook, complete the following problems. Problems 3-9 and 4-4, 4-6, 4-10

6 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 3 Problems 5-3 and 6-5 ­For more classes visits www.snaptutorial.com Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.

7 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 3 Test All Questions and Answers ­For more classes visits www.snaptutorial.com ACCT 567 Week 3 Test All Questions and Answers

8 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 4 Midterm Exam ­For more classes visits www.snaptutorial.com 1. (TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (Points : 5) Economic resource measurement focus and accrual basis of accounting. Current financial resources measurement focus and accrual basis of accounting. Economic resources measurement focus and modified accrual basis of accounting

9 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 4 Problems 7-3 and 7-8 For more classes visits www.snaptutorial.com During the fiscal year ended September 30, 2011, the following transactions (summarized) occurred: 1. Employees were paid $290,000 wages in cash; additional wages of $43,500 were withheld for federal income and social security taxes. The employer’s share of social security taxes amounted to $23,375. 2. Cash remitted to the federal government during the

10 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 5 Case Study City of Shipley ­For more classes visits www.snaptutorial.com The City of Shipley maintains an Employee Retirement Fund; a single-employer, defined benefit plan that provides annuity and disability benefits. The fund is financed by a process that makes actuarially determined contributions from the city’s General Fund and by contributions that are made by the employees.

11 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 5 Homework Case study ­For more classes visits www.snaptutorial.com Case 8 - 1 a. When was CalPERS established? b. What types of employers contribute to CalPERS?\ c. How many individuals are served by CalPERS?

12 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 5 Problems 8-4 and 9-4 ­For more classes visits www.snaptutorial.com The county collector of Lincoln County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1 percent from the collections for the town, the school district, and the townships. The total amount deducted is added to the collections for the county and remitted to the Lincoln County General Fund.

13 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 5 Test All Questions and Answers ­For more classes visits www.snaptutorial.com 1.Question : (TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund? Enterprise Fund Internal Service Fund Advance Fund Agency Fund

14 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 6 Problem 12-4 ­For more classes visits www.snaptutorial.com Quad-States Community Service Agency expended federal awards during the most recent fiscal year in the following amounts for the programs shown: Additional information indicates that Programs 4 and 10 were audited as major programs in each of the two preceding fiscal years, with no audit findings reported.

15 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 7 Problems 16-3 and 17-6 ­For more classes visits www.snaptutorial.com Elizabeth College, a small private college, had the following transactions in fiscal year 2011. 1. Billings for tuition and fees totaled $5,600,000. Tuition waivers and scholarships of $61,500 were granted. Students received tuition refunds of $101,670. 2. During the year the college received $1,891,000 cash in unrestricted private gifts, $575,200 cash in temporarily restricted grants, and $1,000,000 in securities for an endowment.

16 ACCT 567 Competitive Success-- snaptutorial.com ACCT 567 Week 8 Final Exam ­For more classes visits www.snaptutorial.com 1. (TCO A) On what should the government-wide financial statements report? (Points : 5) Net position and results of the financial operations of the government as a whole. Budgetary Compliance The cost of government services

17 ACCT 567 Competitive Success-- snaptutorial.com


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