tailieunhanh - Lecture Accounting for Governmental & Nonprofit Entities (16/e): Chapter 6 - Jacqueline L. Reck, Suzanne L. Lowensohn

Chapter 6 - Accounting for general long-term liabilities and debt service. After studying Chapter 6, you should be able to: Explain what types of liabilities are classified as general long-term liabilities, make journal entries in the governmental activities general journal to record the issuance and repayment of general long-term debt, prepare note disclosures for general long-term debt. | Accounting for Governmental & Nonprofit Entities JACQUELINE L. RECK SUZANNE L. LOWENSOHN 17/e Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 Accounting for General Long-term Liabilities and Debt Service C H A P T E R 6 2 Learning Objectives 6-1 Explain what types of liabilities are classified as general long-term liabilities. 6-2 Make journal entries in the governmental activities general journal to record the issuance and repayment of general long-term debt. 6-3 Prepare note disclosures for general long-term debt. 3 1 Learning Objectives 6-4 Describe the reasons for statutory debt limits and explain the terms debt margin and overlapping debt. 6-5 Explain the purpose and types of debt service funds. 6-6 Make appropriate journal entries to account for activities of debt service funds. 4 2 Governments and Long-term Debt General Long-term Liabilities General long-term liabilities . | Accounting for Governmental & Nonprofit Entities JACQUELINE L. RECK SUZANNE L. LOWENSOHN 17/e Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 Accounting for General Long-term Liabilities and Debt Service C H A P T E R 6 2 Learning Objectives 6-1 Explain what types of liabilities are classified as general long-term liabilities. 6-2 Make journal entries in the governmental activities general journal to record the issuance and repayment of general long-term debt. 6-3 Prepare note disclosures for general long-term debt. 3 1 Learning Objectives 6-4 Describe the reasons for statutory debt limits and explain the terms debt margin and overlapping debt. 6-5 Explain the purpose and types of debt service funds. 6-6 Make appropriate journal entries to account for activities of debt service funds. 4 2 Governments and Long-term Debt General Long-term Liabilities General long-term liabilities are those that arise from activities of governmental funds and that are not reported as fund liabilities of a proprietary or fiduciary fund. General long-term liabilities are reported as liabilities in the Governmental Activities column of the government-wide statement of net position but are not reported as liabilities of governmental funds. Long-term Liability Sources Accounting for Long-term Liabilities Long-term liabilities are recognized in the governmental activities records at the government-wide level, even though the proceeds may be recorded in a governmental fund. Long-term liabilities are also recognized in proprietary funds and private purpose trust funds when the long-term debt will be serviced by those funds Long-term Liability Disclosures Changes in long-term debt, such as authorization or issuance of new debt or retirement of existing debt, should be presented in a detailed schedule of changes in the notes to the financial statements. An additional schedule of when .

• Kế toán - Kiểm toán
• Debt service
• Direct debt
• Overlapping debt
• Accounting for Governmental
• Nonprofit entities
• Accounting for Nonprofit Entities
• Long term liabilities
• Not for profit organizations
• Financial reporting for governmental
• Not for profit accounting
• Capital projects
• Market Indicators
• Disposition of Earnings
• Financial Leverage
• Inventory Costing
• Depreciation Methods
• Fund Accounting
• International Public
• Sector Accounting
• Governmental Entities
• Financial Reporting
• Tuberculosis Control
• jointly reviewed
• managerial weakness
• inadequate funding
• national programme
• service delivery
• Timeshares & REITS
• Hotel Exchanges
• Cognitive Remediation Therapy
• Metacognitive Dysfunction
• Directions in Research
• Response Selection
• Permanent funds