tailieunhanh - Lecture Accounting for Governmental and Nonprofit Entities (16/e): Chapter 3 - Jacqueline L. Reck, Suzanne L. Lowensohn

Chapter 3 - Governmental operating statement accounts; budgetary accounting. This chapter explain how operating expenses and revenues related to governmental activities are classified and reported in the government-wide financial statements; distinguish, in governmental funds, between revenues and other financing sources and between expenditures and other financing uses; explain how revenues and expenditures are classified in the General Fund. | 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 Governmental Operating Statement Accounts; Budgetary Accounting C H A P T E R 3 2 Learning Objectives 3-1 Describe how operating revenues and expenses related to governmental activities are classified and reported in the government-wide financial statements. 3-2 Distinguish, in governmental funds, between Revenues and Other Financing Sources and between Expenditures and Other Financing Uses. 3-3 Explain how revenues and expenditures are classified in the General Fund and other governmental funds. 3 1 Learning Objectives 3-4 Explain how budgetary accounting contributes to achieving budgetary control over revenues and expenditures, including such aspects as: Recording the annual budget. Accounting for revenues. Accounting for encumbrances and expenditures. Accounting for allotments. Reconciling GAAP and budgetary amounts. 4 2 Learning Objectives 3-5 Describe governmental accounting systems. 3-6 Explain the classification of revenues and expenditures of a public school system. 5 2 Government-wide Classification and Reporting of Expenses and Revenues Net expense or revenue for each function or program reported for governmental activities is displayed in the government-wide statement of activities. The format for reporting is as follows: Expenses – Program Revenues = Net (Expense) Revenue Functions and programs represent major activities or services of a government. Functions and Programs Functions are group-related activities that are aimed at accomplishing a major service or regulatory responsibility, such as Public Safety. Programs are group activities, operations, or organizational units that are directed to the attainment of specific purposes or objectives, such as Highway Beautification. Program and General Revenues . | 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 Governmental Operating Statement Accounts; Budgetary Accounting C H A P T E R 3 2 Learning Objectives 3-1 Describe how operating revenues and expenses related to governmental activities are classified and reported in the government-wide financial statements. 3-2 Distinguish, in governmental funds, between Revenues and Other Financing Sources and between Expenditures and Other Financing Uses. 3-3 Explain how revenues and expenditures are classified in the General Fund and other governmental funds. 3 1 Learning Objectives 3-4 Explain how budgetary accounting contributes to achieving budgetary control over revenues and expenditures, including such aspects as: Recording the annual budget. Accounting for revenues. Accounting for encumbrances and