tailieunhanh - Lecture Accounting for Governmental and Nonprofit Entities (16/e): Chapter 9 - Jacqueline L. Reck, Suzanne L. Lowensohn

Chapter 9 - Financial reporting of state and local governments. After studying Chapter 9, you should be able to: Describe the concepts related to the financial reporting requirements of the GASB reporting model; explain the key concepts and terms used in describing the governmental reporting entity; apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, manner of reporting component units; | 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 Financial Reporting of State and Local Governments C H A P T E R 9 2 Learning Objectives 9-1 Describe the concepts related to the financial reporting requirements of the GASB reporting model. 9-2 Explain the key concepts and terms used in describing the governmental reporting entity. 9-3 Apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, the manner of reporting component units. 3 1 Learning Objectives 9-4 Identify and describe the contents of a comprehensive annual financial report (CAFR). 9-5 Prepare governmental fund financial statements and government-wide financial statements and understand how to reconcile the two. 9-6 Identify and explain financial reporting issues and topics. 4 2 Conceptual Framework for Financial Reporting Useful Information Communicating the information in a manner that is helpful to the user is an important part of making information useful. Areas identified in GASB Concepts Statement 3 are recognition in the financial statements, disclosures in the notes to the financial statements, presentation as required supplementary information, or presentation as supplementary information. Recognition and Disclosure An item of information that meets the definition of an element and is measurable with sufficient reliability should be recognized in the financial statements. A note should be used if it can help support an item recognized in a financial statement or provide information that is essential to the user’s understanding of the item. Required Supplementary Information (RSI) Required supplementary information is used to provide information that is essential. Without this information, the financial statements and | 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 Financial Reporting of State and Local Governments C H A P T E R 9 2 Learning Objectives 9-1 Describe the concepts related to the financial reporting requirements of the GASB reporting model. 9-2 Explain the key concepts and terms used in describing the governmental reporting entity. 9-3 Apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, the manner of reporting component units. 3 1 Learning Objectives 9-4 Identify and describe the contents of a comprehensive annual financial report (CAFR). 9-5 Prepare governmental fund financial statements and government-wide financial statements and understand how to reconcile the two. 9-6 Identify and explain .

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Accounting for Nonprofit Entities
• Financial reporting
• Financial reporting standards
• Financial reporting for Governmental