ACCT 567 PAPERS Learn by Doing/acct567papers.com
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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
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From the textbook, complete the following problems.
Chapter 1: Exercise 1–3 Chapter 2: Exercises 2–3 and 2–5
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ACCT567 Case Study I (Week 2)
The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011.
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From the textbook, complete the following problems.
Problems 3-9 and 4-4, 4-6, 4-10
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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.
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1. (TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (Points : 5)
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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.
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The City of Shipley maintains an Employee Retirement Fund; a single-employer, defined benefit plan that provides annuity and disability benefits.
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Case 8 - 1
a. When was CalPERS established?
b. What types of employers contribute to CalPERS?\
c. How many individuals are served by CalPERS?
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The county collector of Lincoln County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county.
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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
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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.
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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.
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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
Fiscal accountability
