Types of accounting statements
[DOC File]ACCOUNT STATEMENTS REPORTS
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The basic accounting equation that formulates a balance sheet is an initial accounting concept that helps you understand how this statement is generated. In addition, this provides insight into how financial systems are used to maintain accounting processes and generate financial statements.
[DOCX File]Examples of Learning Outcomes Statements
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M 16 The congress passed the Sarbanes Oxley act in 2002 to restore public and investor’s trust in public accounting and reporting of publicly traded companies. After the Enron and World Com financial frauds the SOX held the CEO and the CFO liable and responsible for the financial statements …
[DOCX File]2.4 Determine Diff Acct Methods
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The accounting for proprietary fund long-term debt is on the accrual basis, the same in the fund statements as in the government-wide statements. Program Revenues: In the government-wide Statement of Activities, reported program revenues derive directly from the program itself or from parties other than the School District’s taxpayers or ...
[DOCX File]Notes to Financial Statements - South Dakota
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In other words, the basis of accounting governs the time at which the accounting system recognizes transactions. The measurement focus tells the reader what types of data LUAs will report in their financial statements. Three bases of accounting in common use in …
[DOC File]Georgia Department of Education
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There are two types – those dealing with accounting matters (for example, SOP 97-2, Software Revenue Recognition), and those dealing with specific auditing/reporting matters (for example, SOP 04-1, Auditing the Statement of Social Insurance).
[DOC File]Understanding GAAP, GAAS, and the Accounting …
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Similar to generally accepted accounting principles used by for-profit entities, nonprofit organizations are required to provide an estimated allowance for uncollectible accounts receivable. The organization’s accounting policy for receivables and uncollectible accounts should be disclosed in Note A to the financial statements. Inventories
4 Types of Accounting Financial Statements (with Templates)
This report is one of the two types of Oracle “Monthly Account Statements” which are automatically run at the close of each accounting period and electronically distributed throughout UAB. However, this report can also be run ad hoc by end users, using the following procedure.
[DOC File]Key Accounting Issues for Nonprofits: Introduction ...
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(1) Basis of accounting. The financial statements required by Sections 718.111(13) and 718.301(4), Florida Statutes, shall be prepared on the accrual basis using fund accounting in accordance with generally accepted accounting principles.
[DOC File]Read Me First
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A separate accounting entity produces its own financial statements. In GFEBS, a fund is the smallest accounting unit for which financial statements can be produced. The type of fund will dictate the financial statements that it produces and the basis of accounting that it uses.
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