Acc 380 Week 5 Assignment Part 2

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This work ACC 380 Week 5 Assignment Part 2 has the answers on the following questions: Explain the process by which you completed the final statements. Offer your opinion and analysis of the data in answer to the question: "What is the financial health of Lee College?"

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Business - Accounting Accounting and Financial Reporting . From Chapter 1 complete Exercise 1-6 and Exercise 1-9. From chapter 2 complete Exercise 2-2 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. GASB, CAFR ISSUES and Budgetary Comparison Schedule . From Chapter 2 complete Exercise 2-3 and from Chapter 3 complete Exercise 3-5 and Exercise 3-10 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Government-Wide Statements Budgetary Comparison Schedule . Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations. Review the financial information pertaining to the City of Northern Pines in problem 2-8 on pages 52 and 53 of your text. Prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2012. Northern Pines has no component units. Part Two: Review the financial information pertaining to the city of Eastern Shores in problem 2-9 on page 53 of your text. From the information given, prepare in good form, a General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the city of Eastern Shores General Fund for the Year Ended September 30, 2012. Part Three: Review the financial transactions pertaining to the City of Springfield in problem 3-12 on pages 82 and 83. 1. Record the transactions using appropriate journal entries. 2. Prepare a budgetary comparison schedule for the General Fund. Modified Accrual Accounting and General Fund Items . [Complete the following questions based on the Chapter 4 material: a) Outline revenue recognition criteria under modified accrual accounting. Include specific requirements for property tax revenue. b) Outline expenditure recognition criteria under modified accrual accounting. Include the general case, recognition of debt service expenditures, and recognition of expenditures for item such as compensated absences II. Distinguish between the (1) GAAP basis and (2) budgetary basis of reporting for the General Fund. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Trust Activities and Fund Issues . From Chapter 5 complete Exercise 5-2 and Exercise 5-4 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. G.A.S.B . Visit the website of the Governmental Accounting Standards Board (G.A.S.B.) at http://gasb.org . Review the website to learn about the organization, its act ivies, and its goals. Review one or more of the “Plain-Language Articles” in the “Education” section of website and prepare a two- to four- page paper formatted according to APA style, summarizing the article or position of the G.A.S.B. as presented in the article, and discussing any implications of the article or position Internal Service and Enterprise Funds . From Chapter 6 complete Exercises 6-2 and 6-3 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Investment and Pension Trust Funds . [From Chapter 7 complete Exercise 7-8, Exercise 7-10, and Exercise 7-11 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Insert prompt. Net Assets and Employees’ Retirement Fund . Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations. Review the financial information pertaining to the City of Sweetwater in problem 7-13 on pages 215-217 of your text. Review the transactions that occurred during the year ended June 30, 2012 and complete the following: 1. Record the transactions on the books of the Employees’ Retirement Fund. 2. Prepare a Statement of Changes in Net Assets for the Employees’ Retirement Fund for the Year Ended June 30, 2012. 3. Prepare a Statement of Net Assets for the Employees’ Retirement Fund as of June 30, 2012. Infrastructure G.A.S.B. Statement 34 . From Chapter 8 complete Exercise 8-4 and Exercise 8-5, and from Chapter 9 complete Exercise 9-2 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Transactions FASB Standards . [From Chapter 9 complete Exercise 9-7, and from Chapter 10 complete Exercise 10-2 and Exercise 10-3 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Government-Wide Statements, Net Assets, Journals . Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations. Part One. Review the financial information pertaining to the City of South Pittsburgh in problem 8-10 on page 257 of your text. Prepare, in journal form, worksheet adjustments for each of the situations outlined. Part Two: Review the financial information pertaining to Southern State University in problem 9-5 on pages 294 and 295 of your text. Prepare, in good form, a Statement of Net Assets for Southern State University as of June 30, 2012. Part Three: Review the financial transactions pertaining to the Cancer Research Center in problem 10-8 on pages 326 and 327. 1. On the books of Cancer Research Center, record the pledge on January 1 in the temporarily restricted asset class, assuming the appropriate discount rate is 5% on an annual basis. The appropriate discount factor is 4.33. 2. Record the increase in the present value of the receivable in the temporarily restricted net asset class as of December 31. 3. Record the receipt of the first $30,000 on December 31 and the payment to the researcher. Indicate in which asset class (unrestricted, temporarily restricted) each account is recorded. FASB Statement 117, Trusts, Organizations . From Chapter 11 complete Exercise 11-3 and Exercise 11-4 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Cash Flows . From Chapter 12 complete Exercise 12-5, Exercise 13-2, and Exercise 13-9 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. Final Project The purpose of the Final Project is for you to demonstrate understanding of the reading as well as culminate the learning achieved in the course by describing your understanding and application of knowledge. Focus of the Final Project Review the financial information pertaining to Lee College in problem 11-8 on pages 357 and 358 of your text. Prepare the following: 1. A Statement of Activities using the format presented in Illustration 10-1. 2. A Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets. 3. A Statement of Changes in Net Assets. Your paper must: 1. Include both the completed financial statements and detailed analysis of the data provided. 2. Explain the process by which you completed the final statements and include any applicable supporting information computations and explanations. 3. Offer an in-depth analysis of the financial health of Lee College. Guidelines for Writing the Final Paper Must be a minimum of five to seven pages in length and formatted according to APA style as outlined in the approved APA style guide. Must include a cover page that includes: Student’s name Course name and number Title of project Instructor’s name Date submitted Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the project with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use APA style as outlined in the approved APA style guide to document all sources

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A+ tutorial you will find here - http://entire-courses.com/ACC-380-Week-5-Assignment-Part-2

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Make yourself acquainted with all your class professors when the term begins. Learn how they can be contacted, their office location, and what their office hours are. Build a strong repertoire with them to achieve a better understanding if an issue like turning in something late or having something come up.