Non for profit 题库.docx

CHAPTER 1:INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIESOUTLINE NumberTopicType/TaskStatus(re: 17/e)Questions:1-1Differences between types of organizationsIdentifyNew1-2Distinguishing between general purpose and special purpose governmentsIdentifyRevised1-3Standards-setting bodiesIdentifySame1-4Determining which standard-setting body sets standards for a nongovernmental NFPCategorizeNew1-5Nature and significance of interperiod equityExplainSame1-6Determining the purpose of the two types of accountability DetermineRevised1-7Primary reporting objectives for NFPs and governmentsCompareNew1-8Comprehensive annual financial reportRecognizeSame1-9Federal government performance and accountability reportIdentify/DescribeSame1-10NFP reporting of expensesExplainNewCases:1-11Research Case—GASB Written reportSame1-12Research Case—FASBWritten reportNew1-13Research Case—FASAB Written reportSame1-14Research Case—Comparing Financial Reporting ObjectivesAnalyzeNew1-15Research Case—Federal Financial Reporting ObjectivesAnalyzeNewExercises/Problems:1-16Examine the CAFRExamineRevised1-17Financial Statement DifferencesDifferentiateNew1-18VariousMultiple ChoiceItems 1, 2, and 4 are new; other items are the same or revised1-19Concepts and reporting characteristics or requirementsfor governmental and NFP organizationsMatchingSameCHAPTER 1:INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIESAnswers to Questions1-1.Following is a list of some of the differences between business organizations and government/not-for-profit organizations.Business OrganizationsGovernment/Not-for-for profit OrganizationsProviders of resources expect either repayment or economic benefits proportionate to the resources provided.Many providers of resources do not expect repayment or economic benefits proportionate to the resources provided.Primary operations are undertaken to provide goods or services at a profit.Primary opera