c boards and how they are similar and different.
Describe how the modified accrual basis of accounting differs from full accrual accounting.
Format your paper consistent with APA guidelines.
Discussion Questions
DQ 1 Log into http://www.charitynavigator.org/. Choose a good charity and a bad charity and explain why you feel they should labeled good or bad.
DQ 2 What is fund accounting? How does it compare to proprietary accounting? Why is fund accounting necessary? What are the major fund types?
DQ 3 What are some examples of government and not-for-profit organizations? How do businesses measure success? How do government organizations measure success?
DQ 4 What is the purpose of CAFR? What are the components of CAFR? Why is the Federal Government not subject to GASB 34? How do government-wide financial statements add information not available in fund financial statements
ACC 460 Week 2 Individual Ch. 1, 2, & 3 Textbook Exercises
Resources: Ch. 1, 2, & 3 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignments from Government and Not-for-Profit Accounting:
Ch. 1: Exercise 1-1, Questions 1, 3, 4, 5, 7, & 8
Ch. 2: Question for Review and Discussion 12. In addition to answering question 12, provide a response in 150-350 words differentiating between a budget and a Comprehensive Annual Financial Report (CAFR).
Ch. 3: Exercise 3-2, Questions 1, 2, 3, 6, 8, & 9
ACC 460 Week 2 Learning Team CAFR Budget Analysis
Resources: Each team member’s CAFR list from Week One
Select one team member’s CAFR to be the basis for this and subsequent Learning Team assignments, using the CAFRs chosen for the CAFR list activity in Week One.
Locate and review a copy of the budget accompanying your selected CAFR.
Prepare a 700- to 1,050-word overview of the government that filed your selected CAFR.
Include the following information in your overview:
Population
Governmental structure
Size of budget and its...