Test Bank
Essentials Of Accounting For Governmental And Not-
For-Profit Organizations 15 Edition Paul Copley
Chapters 1-14 Covered
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 Governmen
2
,Chap 01 15e Copley Answers Included
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
, 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
5) FASAB, GASB, And FASB Reporting Standards Are Set Forth Primarily In Documents
Called Concept Statements.
⊚ True
⊚ False
6) The FASAB Was Established To Recommend Accounting And Financial Reporting
Standards For The Federal Government.
⊚ True
⊚ False
4
Essentials Of Accounting For Governmental And Not-
For-Profit Organizations 15 Edition Paul Copley
Chapters 1-14 Covered
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 Governmen
2
,Chap 01 15e Copley Answers Included
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
, 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
5) FASAB, GASB, And FASB Reporting Standards Are Set Forth Primarily In Documents
Called Concept Statements.
⊚ True
⊚ False
6) The FASAB Was Established To Recommend Accounting And Financial Reporting
Standards For The Federal Government.
⊚ True
⊚ False
4
