ACC548 Complete Course
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Wednesday, 29 July 2015

ACC548 Complete Course

ACC 548 ACC548 Complete Course
Click below link for Answer   visitwww.workbank247.com

ACC 548 Week 1 Comprehensive Annual Financial Report Briefing
Select a government entity of your choice.  It can be a state, county, city, town, school district, or any other government entity. Preferably select one in which you have a vested interest, such as where you live, work or send your kids to school.   
 Obtain the Comprehensive Annual Financial Report (CAFR) for the entity you selected.  You should be able to find the CAFR on the web site for the government entity. If not, contract the entity for a copy.   Note: this CAFR will be used for many activities throughout the course.
 Scenario for this week:  You are working as an accountant for the government entity you selected above.  You have newly elected board members who are businesspeople from the community.  These are highly successful and intelligent business people who know and appreciate private sector financial accounting.  However, they know very little about government accounting. 
 Prepare a MS PowerPoint® presentation for the new Board members.  The presentation should be between 12 to 15 slides and include the following:  
·         Description of the purpose of government accounting and financial reporting.
·         Comparison of private sector financial accounting with accounting for government and not-for-profit organizations
·         An overview and contrasting of government funds, propriety funds, and fiduciary funds. Include a list of the different funds within those categories and a brief explanation as to when and how these funds are used.
·         Detailed description of government funds and the four types of government funds.
·         Description of the purpose and elements of financial reporting, budgeting and encumbrance accounting for government organizations. 
Submit your completed Power Point presentation in the assignment section for the week

ACC 548 Week 2 Government Funds
Review the CAFR obtained in Week One. Review the types of government funds used by the entity. 
 Prepare a new Power Point presentation for the new Board members.  The presentation should be between 8 to 10 slides and include the following:  
·         A description of the purpose and characteristics of the general fund and special revenue funds.
·         A description of the purpose and characteristics of capital projects funds and debt service funds.
·         A list and description of the funds that your government entity actually uses, including the dollar amount of each fund. 
Complete the followingexercises from Government and Not-for-Profit Accounting: 
·         E4-3
·         E5-6
·         E6-4
·         E6-7 
Click the Assignment Files tab to submit your assignment
ACC 548 Week 2 Sources of Revenue
Prepare an Excel workbook that contains a separate spreadsheet for each individual government entity.  The spreadsheets should list the following: 
·         The principle sources of revenues for the general fund
·         The primary expenditures made out of the general fund of each government entity.  In other words, how does the general fund get and spend its money.  Be sure to include dollar amounts. 
Brainstorm and discuss the commonalities and the differences between the sources of revenue and the types and amounts of expenditures for each entity. Discuss those differences among team members the reasons for the differences.
 Prepare a summary spreadsheet for the workbook that provides a comparative (side-by-side) analysis between the different entities.
 Click the Assignment Files tab to submit the assignment.

ACC 548 Week 3 Proprietary Funds
Review the CAFR obtained in Week One. Review the types of proprietary funds used by the government entity.  
Prepare a new Microsoft PowerPoint® presentation for the new Board members.  The presentation should be between 8 to 10 slides and include the following:  
·         A description of the purpose, types, and characteristics of proprietary funds.
·         An explanation of the differences between enterprise and internal service funds.
·         A list and description of the proprietary (enterprise and internal service) funds that your entity actually uses, including the dollar amount of each fund. 
Complete the following exercises from  Government and Not-for-Profit Organizations:
·         E7-3
·         E8-4
Click the Assignment Files tab to submit your assignment.

ACC 548 Week 4 Pensions
Prepare a paper of no more than 1,050 words that answers the following questions for each state:
·         What type of pension fund does the state provide to employees
·         How is the pension fund actually funded - who pays for it
·         Is the pension fully funded
·         What pay and benefits are provided by the pension
·         How much is currently in the pension fund
·         What is the current pension liability for the state
Compare the different pension funds provided by the team members and rank order the funds in terms of the best and worse pensions among the group.  Include this comparison in the paper above.  

ACC 548 Week 4 Permanent and Fiduciary Funds
Review the CAFR obtained in Week One. Review the types of fiduciary funds used by the government entity. 
 Prepare a new Power Point presentation for the new Board members.  The presentation should be between 8 to 10 slides and include the following:  
·         A description of the purpose, types, and characteristics of fiduciary funds.
·         A description of the purpose of a permanent fund and how it differs from fiduciary funds.
·         A list and description of the fiduciary (trusts and agency) funds that your entity actually uses, including the dollar amount of each fund.
·         An explanation of the purpose and components of the Comprehensive Annual Financial Report (CAFR) 
Complete the following exercises from  Government and Not-for-Profit Organizations:
·         E10-3
·         E10-4
Click the Assignment Files tab to submit your assignment.

ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures
Write a paper of no more than 1,050 words that answers the following questions for each site: 
·         What is the mission and purpose of each organization
·         What are the primary sources of funding for each
·         What are the primary expenditures for each
·         How successful is each entity in terms of meeting its mission and staying fiscally solvent 
Prepare an Excel workbook that contains a separate spreadsheet for each individual not-for-profit organization.  The spreadsheets should list the following: 
·         The principle sources of revenues for the organizations
·         The primary expenditures made by each.  In other words, how do the organizations get and spend their money. 
·         Be sure to include dollar amounts. 
Brainstorm and discuss the commonalities and the differences between the sources of revenue and the types and amounts of expenditures for each entity. Discuss those differences among team members the reasons for the differences.
 Click the Assignment Files tab to submit your assignment.

ACC 548 Week 5 Accounting for Not-for-Profit Organizations
Prepare a Power Point presentation of between 12 to 15 slides accomplishing the following:
·         Describe the purposes, characteristics, funding and accounting for not-for-profit organizations.
·         Differentiate accounting between private and government not-for-profit organizations.
·         Describe the purpose, characteristics, funding and accounting for colleges and universities. 
·         Describe the purpose, characteristics, funding and accounting for hospitals and other health care providers. 
Click the Assignment Files tab to submit your assignment.

ACC 548 Week 6 Federal Budgeting and Accounting
Review the federal budget and the budget tables for the U.S. federal government. 
 Prepare an 8- to 10-slide Microsoft® PowerPoint® presentation focusing on the federal budget for fiscal year (FY) 2015.  Answer the following :
·         What are the total revenues and expenditures projected for FY15 (Table S-1)
·         Is the FY15 budget projecting a surplus or a deficit in spending, and by how much (Table S-1)
·         What are the key sources of revenue for the federal government (Table S-5)
·         What are the primary expenditures for the federal government? (Table S-5)
·         What is the current national debt?
·         How much is the national debt per citizen and per taxpayer.  Is this a problem?  Why?  Why not?
·         How can the Federal government reduce the national debt? Keep your ideas realistic.
Prepare a paper of no more than 700 words that addresses the following topics :
·         What roles do accountants play in managing government and not-for-profit organizations?
·         How are government and not-for-profit organizations audited?  Be sure to include the different types of audits.
·         Describe the Single-Audit Act and how it impacts government financial reporting and accounting
Click the Assignment Files tab to submit your assignments

ACC 548 ACC548 Complete Course
Click below link for Answer   visitwww.workbank247.com


 
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