1
,TABLE OF CONTENT
CHAPTER 1: Introduction to accounting and financial reporting for governmental and not-for-profit organizations
CHAPTER 2: Overview of financial reporting for state and local governments
CHAPTER 3: Modified accrual accounting: Including the role of fund balances and budgetary authority
CHAPTER 4: Accounting for the general and special revenue funds
CHAPTER 5: Accounting for other governmental fund types: capital projects, debt service, and permanent
CHAPTER 6: Proprietary Funds
CHAPTER 7: Fiduciary Funds
CHAPTER 8: Government-wide statements, capital assets, long-term debt
CHAPTER 9: Advanced topics for state and local governments
CHAPTER 10: Accounting for private not-for-profit organizations
CHAPTER 11: College and university accounting
CHAPTER 12: Accounting for hospitals and other health care providers
CHAPTER 13: Auditing, tax-exempt organizations, and evaluating performance
CHAPTER 14: Financial reporting by the federal government
,
, Chap 01 15e Answers Included
Copley
1) The Governmental Accounting Standards Board sets financial reporting
standards for all units of government: federal, state, and local.
⊚ true
⊚ false
2) Fund accounting exists primarily to provide assurance that resources are used
according to legal or donor restrictions.
⊚ true
⊚ false
3) The Financial Accounting Standards Board sets financial reporting standards
for profit- seeking businesses and nongovernmental, not-for-profit
organizations.
⊚ true
⊚ false
4) FASAB, GASB, and FASB standards are set forth primarily in documents called
statements.
⊚ true
⊚ false
,TABLE OF CONTENT
CHAPTER 1: Introduction to accounting and financial reporting for governmental and not-for-profit organizations
CHAPTER 2: Overview of financial reporting for state and local governments
CHAPTER 3: Modified accrual accounting: Including the role of fund balances and budgetary authority
CHAPTER 4: Accounting for the general and special revenue funds
CHAPTER 5: Accounting for other governmental fund types: capital projects, debt service, and permanent
CHAPTER 6: Proprietary Funds
CHAPTER 7: Fiduciary Funds
CHAPTER 8: Government-wide statements, capital assets, long-term debt
CHAPTER 9: Advanced topics for state and local governments
CHAPTER 10: Accounting for private not-for-profit organizations
CHAPTER 11: College and university accounting
CHAPTER 12: Accounting for hospitals and other health care providers
CHAPTER 13: Auditing, tax-exempt organizations, and evaluating performance
CHAPTER 14: Financial reporting by the federal government
,
, Chap 01 15e Answers Included
Copley
1) The Governmental Accounting Standards Board sets financial reporting
standards for all units of government: federal, state, and local.
⊚ true
⊚ false
2) Fund accounting exists primarily to provide assurance that resources are used
according to legal or donor restrictions.
⊚ true
⊚ false
3) The Financial Accounting Standards Board sets financial reporting standards
for profit- seeking businesses and nongovernmental, not-for-profit
organizations.
⊚ true
⊚ false
4) FASAB, GASB, and FASB standards are set forth primarily in documents called
statements.
⊚ true
⊚ false
