What financial statements does FASB Statement No. 117 require NPOs to present? How do these financial statements
Question:
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
FASB Statement No 117 requires all nongovernmental notforprof...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Question Posted:
Students also viewed these Accounting questions
-
What financial statements does FASB require NFPs to present?
-
Do personal financial statements prepared in accordance with GAAP require sufficient disclosures to make them adequately informative? Explain
-
Do all governmental funds financial statement items require adjustment? If not, list several accounts that are likely to be reported identically in the fund financial statement totals and in the...
-
Solve the inequality. Write the solution in interval notation. |15 = x < 7
-
Carolina Atlantic sells specialty paper to commercial clients. The paper can be produced at zero marginal cost. Some clients are intensive users who are price-sensitive; their demands are given by P...
-
The following information is available for Stamos Corporation for the year ended December 31, 2022. Beginning cash balance....................$ 45,000 Accounts payable...
-
Air expands adiabatically through a turbine from a pressure and temperature of \(180 \mathrm{psia}, 1600{ }^{\circ} \mathrm{R}\) to a pressure of \(14.7 \mathrm{psia}\). If the actual temperature...
-
The following T-account is a summary of the Cash account of Wiegman Company. What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows? Cash...
-
X 3. Ground Water Survey In the following data X = pH of well water Y = Bicarbonate (parts per million) of well water The data is by water well from a random sample of wells in Northwest Texas....
-
The absorption cross section on the ordinate of the ozone absorption spectrum at the beginning of this chapter is defined by the relation where n is the number of absorbing molecules per cubic...
-
Which standards-setting bodies are assigned responsibility for establishing accounting and financial reporting standards for not-for-profit organizations? What issues remain unfinished on the FASBs...
-
What are the three categories into which NPOs must classify their net assets? Describe which net assets are included in each category. Would board-designated net assets be reported as temporarily...
-
In 2018, Julie, a single individual, reported the following items of income and deduction: Julie owns 100% and is an active participant in the rental real estate activity. What is her taxable income...
-
What are the main tools necessary for making financial decisions in corporations? EXPANDS AND EXPLAINS EACH How are the concepts of risk and performance related in financial decisions?
-
How the Central Bank's role in managing systematic risk will change in future given changes in FINTECH and digital currencies? Why this change is happen? What are its impacts? Discuss critically.
-
Determine all values of k for which the following matrices are linearly Independent in M 22. [12] [4 0 k 2 14
-
Two point charges, 91 = 1.6 x 107 C and 92 ---Select--- = (a) What is the electric field (in N/C) at a point 5.0 cm from the negative charge and along the line between the two charges? magnitude N/C...
-
5. Consider an auditorium with an echo problem. An initial acoustic impulse will be followed by attenuated versions of the sound at regularly spaced intervals. Hence, the acoustic behavior of the...
-
Create a UML Sequence Diagram for the following Use Case Check out shopping cart whose description is provided below: Use Case Name Scope Level Primary Actor Stakeholders and Interests Preconditions...
-
A bubble-point liquid feed is to be distilled as shown in Figure. Use the Edmister group method to estimate the mole-fraction compositions of the distillate and bottoms. Assume initial overhead and...
-
An office supply store receives a shipment of 24 high-speed printers, including 5 that are defective. Three of these printers are selected for a store display. (A) How many selections can be made?...
-
To assist managers of not-for-profit (NFP) organizations to report on their accountability for donor-imposed restrictions, FASB standards require that NFP organizations report their net assets (the...
-
Examine the Governmental Accounting Standards Boards Web site (www.GASB.org) and prepare a brief report about its mission, standard setting process, board composition, and the role of the...
-
Examine the Financial Accounting Standards Boards Web site (www.FASB.org) and determine how you can access the FASBs Accounting Standards Codification. Hint: Contact a financial accounting professor...
-
1. Solve FV = PMT((1+r/m)mt 1) for PMT. PMT = r/m 2. Given the formula in the format to input into the calculator. PMT =
-
Bramble Enterprises purchased a machine on January 1 , 2 0 2 4 , for $ 2 2 1 0 0 . The machine had an estimated useful life of 1 0 years and an estimated residual value of $ 2 7 0 0 . Assuming...
-
For an ideal gas, what is the pressure in atm if the volume of the container is 5000 mL, the mol quantity is 0.812 mol, and the temperature is 28 degrees Celsius? PV = nRT (qu - A) (BA/MA + d) = nRT
Study smarter with the SolutionInn App