Acc 460 Week 4 Complete Uop Exam Assignment

ACC 460 Week 4 Complete

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DQ1.In what significant way do not-for-profits account for investments differently from businesses? In what significant way do not-for-profits account for investments differently from businesses? How are investments reflected in the statements of not-for-profits? What are the disclosure requirements for not-for-profits as related to investments?

DQ2.What are the three classifications of net assets established by FASB Statement 117? How are these net assets affected by the existence or absence of donor-imposed restrictions? How are releases of these net assets accomplished?

DQ3.What financial statements are required of not-for-profit organizations? How are they different or comparable to those provided by organizations that operate for profit? How does the retained earnings section of for-profit organizations differ from that of the net assets section of not-for-profits?

DQ4.What constitutes a pledge or contribution? When does a not-for-profit organization recognize pledge revenue and contribution revenue? How do contributions differ from exchanges?

Individual Assignment - Ch. 9 & 10 Textbook Exercises

Resources: Ch. 9 & 10 of Government and Not-for-Profit Accounting

Prepare written answers to the following assignments from Government and Not-for-Profit Accounting:

• Ch. 9: Exercise 9-3, Part a

• Ch. 10: Questions for Review and Discussion 1, 5, & 15

Learning Team Assignment - Ch. 5 & 10 Textbook Problems

Resources: Ch. 5 & 10 of Government and Not-for-Profit Accounting

Prepare written answers to the following problems from Government and Not-for-Profit Accounting:

• Ch. 5: Problem 5-11 – Non exchange expenditures are the mirror image of non-exchange revenues.

• Ch. 10: Problem 10-7, Parts 1, 2, & 3 – The basic financial statements of a pension plan...