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ACCT 567 PAPERS Possible Is Everything / acct567papers.com

ACCT 567 Week 1 Exercises<br>ACCT 567 Week 2 Case Study I<br>ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10<br>ACCT 567 Week 3 Problems 5-3 and 6-5<br>ACCT 567 Week 4 Midterm Exam<br>ACCT 567 Week 4 Problems 7-3 and 7-8<br>

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ACCT 567 PAPERS Possible Is Everything / acct567papers.com

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  1. ACCT 567 PAPERS Possible Is Everything / acct567papers.com

  2. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Entire Course (Keller) FOR MORE CLASSES VISIT www.acct567papers.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 ACCT 567 Week 5 Case Study City of Shipley ACCT 567 Week 5 Homework Case study ACCT 567 Week 5 Problems 8-4 and 9-4 ACCT 567 Week 5 Test All Questions and Answers ACCT 567 Week 6 Problem 12-4

  3. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 1 Exercises (Keller) FOR MORE CLASSES VISIT www.acct567papers.com From the textbook, complete the following problems. Chapter 1: Exercise 1–3 Chapter 2: Exercises 2–3 and 2–5

  4. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 2 Case Study I (Keller) FOR MORE CLASSES VISIT www.acct567papers.com ACCT567 Case Study I (Week 2) 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 Budgetary Fund Balance-Reserve for Encumbrances 10,200 Fund Balance _________ 170,700 $ 214,000 $214,000

  5. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10 (Keller) FOR MORE CLASSES VISIT www.acct567papers.com From the textbook, complete the following problems. Problems 3-9 and 4-4, 4-6, 4-10

  6. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 3 Problems 5-3 and 6-5 (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. 1. The city received a donation of land that is to be used by Parks and Recreation for a park. At the time of the donation, the land had a fair value of $5,200,000 and was recorded on the donor’s books at a historical cost of $4,500,000. 2. The Public Works Department sold machinery with a historical cost of $35,100 and accumulated depreciation of $28,700 for $6,400. The machinery had originally been purchased with special revenue funds. 3. A car was leased for the mayor’s use. Since the term of the lease exceeded 75 percent of the useful life of the car, the lease was capitalized. The first payment was $550 and the present value of the remaining lease payments was $30,000.

  7. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 3 Test All Questions and Answers (Keller) FOR MORE CLASSES VISIT www.acct567papers.com ACCT 567 Week 3 Test All Questions and Answers

  8. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 4 Midterm Exam (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. None of the above, the fiduciary funds have no revenues. 2. (TCOs A and B) Funds other than the General Fund are required to be considered to be a major fund when (Points : 5) (A) total assets, liabilities, revenues, or expenditures/expenses of that fund constitute 10 percent of either the governmental or enterprise category.

  9. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 4 Problems 7-3 and 7-8 (Keller) FOR MORE CLASSES VISIT www.acct567papers.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 year for withholding taxes and social security taxes amounted to $65,500. 3. Utility bills received from the Town of Fredericksburg’s Utility Fund during the year amounted to $23,500. 4. Office expenses paid in cash during the year amounted to $10,500. 5. Service supplies purchased on account during the year totaled $157,500.

  10. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 5 Case Study City of Shipley (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. The General Fund is handling the administration of the retirement fund and it does not have any administrative expenses. The Statement of Net Assets for the Employees’ Retirement Fund as of July 1, 2011 is shown below: City of Shipley Employees Retirement Fund Statement of Net Assets As of July 1, 2011 Assets Cash $ 60,000 Accrued Interest Receivable 160,000 Investments, at fair value

  11. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 5 Homework Case study (Keller) FOR MORE CLASSES VISIT www.acct567papers.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? d. How many and what types of funds are administered by CalPERS? e. For the most recent reporting period, what is the value of total fiduciary assets? f. For the most recent reporting period, what was the change in pension fund net assets? g. What are the funded ratios from the schedule of funding progress and what do the funded ratios tell you? h. What is the reporting relationship between CalPERS and the State of California? d.

  12. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 5 Problems 8-4 and 9-4 (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. The Village of Dover administers a defined benefit pension plan for its police and fire personnel. Employees are not required to contribute to the plan. The village received from the actuary and other sources the following information about the Public Safety Employees’ Pension Fund as of December 31, 2011.

  13. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 5 Test All Questions and Answers (Keller) FOR MORE CLASSES VISIT www.acct567papers.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 2. Question : (TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis? General Fund Enterprise Fund Internal Service Fund Permanent Fund

  14. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 6 Problem 12-4 (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. Required a. Which programs would be considered Type A programs and why? Type B programs? b. Based on the information provided, which programs would you select for audit and why? c. If you found out that a new manager with no previous experience was now in charge of Program 4, would your answer to part b change? If so how?

  15. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 7 Problems 16-3 and 17-6 (Keller) FOR MORE CLASSES VISIT www.acct567papers.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. 3. A pledge campaign generated $626,000 in unrestricted pledges, payable in fiscal year 2012. 4. Auxiliary enterprises provided goods and services that generated $94,370 in cash. 5. Collections of tuition receivable totaled $5,380,000. 6. Unrestricted cash of $1,000,000 was invested. 7. The college purchased computer equipment at a cost of $10,580.

  16. ACCT 567 PAPERS Possible Is Everything / acct567papers.com ACCT 567 Week 8 Final Exam (Keller) FOR MORE CLASSES VISIT www.acct567papers.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 Fiscal accountability 2. (TCO B) According to GASB standards, when should transfers be recognized? (Points : 5) When earned. When collected in cash. When authorized by the budget ordinance. In the period the interfund receivable and payable arise. 3. (TCO C) Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations? (Points : 5)

  17. ACCT 567 PAPERS Possible Is Everything / acct567papers.com

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