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ACCT 567 Entire Course
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06/10/2019

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 Keller ACCT 567 Entire Course KellerCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-entire-course-with-final-examFor more classes visithttp://www.uopassignments.comACCT 567 Entire Course KellerACCT 567 Week 1 ExercisesACCT 567 Week 2 Case Study IACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10ACCT 567 Week 3 Problems 5-3 and 6-5ACCT 567 Week 4 Midterm ExamACCT 567 Week 4 Problems 7-3 and 7-8ACCT 567 Week 5 Case Study City of ShipleyACCT 567 Week 5 Homework Case studyACCT 567 Week 5 Problems 8-4 and 9-4ACCT 567 Week 5 Test All Questions and AnswersACCT 567 Week 6 Problem 12-4ACCT 567 Week 7 Problems 16-3 and 17-6ACCT 567 Week 8 Final Exam
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-entire-course-with-final-examFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 1 Exercises (Keller)Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-1-exercisesFor more classes visithttp://www.uopassignments.comACCT 567 Week 1 Exercises (Keller)From the textbook, complete the following problems.Chapter 1: Exercise 1–3 Chapter 2: Exercises 2–3 and 2–5
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 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-1-exercisesFor more classes visithttp://www.uopassignments.com
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 Keller ACCT 567 Week 2 Case Study ICheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-2-case-study-iFor more classes visithttp://www.uopassignments.comACCT 567 Week 2 Case Study IThe General Fund of Middleville has presented you with the following trial balance as of June 30, 2011.Debits CreditsCash \$ 40,000Taxes Receivable- Delinquent 142,000Estimated Uncollectible Taxes- Delinquent 9,100Interest and Penalties Receivable 32,000Vouchers Payable 24,000Budgetary Fund Balance-Reserve for Encumbrances 10,200Fund Balance _________ 170,700\$ 214,000 \$214,000The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012.The following budget was adopted by the city council:Estimated Revenues:Property Taxes \$ 650,000Fines and Penalties 44,000Licenses and Permits 150,000Federal Grant 85,000929,000Appropriations and Other Financing UsesPublic Safety 402,000General Government 263,000Public Works 102,000Parks and Recreation 92,000Transfers Out 34,000893,000Encumbrances outstanding at the end of the year were re-opened. Property taxes of \$ 660,000 were levied. It is estimated that 2.5% of the property taxes levied are expected to be uncollectible/ Purchase orders issued for the 2012 fiscal year were as follows:Public Safety, \$ 395,000; General Government, \$ 259,000; Public Works, \$ 100,000; Parks and Recreation, \$ 98,000.Cash collected for the Federal Grant from the Federal Government, \$ 94,000. Cash collected and transferred in as follows:Fines and Penalties 43,000Licenses and Permits 164,000Cash collected on property taxes were as follows: Current taxes, \$559,000, Delinquent Taxes, \$ 41,000 and \$ 22,000 of interest and penalties were collected. Purchase orders issued in 2012 in the following amounts were filled in at the following amounts:Estimated ActualPublic Safety \$ 395,000 \$ 393,600General Government \$ 259,000 \$ 258,200Public Works \$ 100,000 \$ 99,400Parks and Recreation \$ 98,000 \$ 97,500--------------- ---------------\$ 852,000 \$ 848,700Vouchers paid amounted to \$ 840,000 and the transfer out to the Debt Service Fund, \$34,000. Please reclassify the Taxes Receivable –Current and Estimated Uncollectible Taxes- Change from Current to Delinquent.
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 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-2-case-study-iFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-2-problems-3-9-and-4-4,4-6,4-10For more classes visithttp://www.uopassignments.comACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10From the textbook, complete the following problems.Problems 3-9 and 4-4, 4-6, 4-10
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 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-2-problems-3-9-and-4-4,4-6,4-10For more classes visithttp://www.uopassignments.com
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 Keller ACCT 567 Week 3 Problems 5-3 and 6-5Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-3-problems-5-3-and-6-5For more classes visithttp://www.uopassignments.comACCT 567 Week 3 Problems 5-3 and 6-5Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.1. The city received a donation of land that is to be used by Parks and Recreation for a park. At the time of the donation, the land had a fair value of \$5,200,000 and was recorded on the donor’s books at a historical cost of \$4,500,000.2. The Public Works Department sold machinery with a historical cost of \$35,100 and accumulated depreciation of \$28,700 for \$6,400. The machinery had originally been purchased with special revenue funds.3. A car was leased for the mayor’s use. Since the term of the lease exceeded 75 percent of the useful life of the car, the lease was capitalized. The first payment was \$550 and the present value of the remaining lease payments was \$30,000.4. During the current year, a capital projects fund completed a new public safety building that was started in the prior year. The total cost of the project was \$9,720,000. Financing for the project came from a \$9,000,000 bond issue that was sold in the prior year, and from a \$720,000 federal capital grant received in the current year. Current year expenditures for the project totaled \$1,176,000. The full cost is attributed to the building since it was constructed on city-owned property.5. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general government had been impaired. The calculated impairment loss due to technology obsolescence was \$1,156,000.
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-3-problems-5-3-and-6-5For more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 3 Test All Questions and AnswersCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-3-test-all-questions-and-answersFor more classes visithttp://www.uopassignments.comACCT 567 Week 3 Test All Questions and AnswersACCT 567 Week 3 Test All Questions and Answers
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-3-test-all-questions-and-answersFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 4 Midterm ExamCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-4-midterm-examFor more classes visithttp://www.uopassignments.comACCT 567 Week 4 Midterm Exam1. (TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (Points : 5)Economic resource measurement focus and accrual basis of accounting.Current financial resources measurement focus and accrual basis of accounting.Economic resources measurement focus and modified accrual basis of accounting.None of the above, the fiduciary funds have no revenues.2. (TCOs A and B) Funds other than the General Fund are required to be considered to be a major fund when (Points : 5)(A) total assets, liabilities, revenues, or expenditures/expenses of that fund constitute 10 percent of either the governmental or enterprise category.(B) total assets, liabilities, revenues, or expenditures/expenses of that fund are at least 5 percent of the total of the governmental and enterprise category.The conditions of either A or B exist.The conditions of both A and B exist.3. (TCOs A and B) Which of the following is most correct with regard to Management’s Discussion and Analysis? (Points : 5)Both state and local governments and federal agencies are required to provide a MD&A.Federal agency financial reports are required to provide a MD&A.State and local government agencies are required to provide a MD&A.Both state and local government and federal agencies are encouraged, but not required to provide a MD&A.4. (TCOs B and C) With regards to budgetary reporting by governmental entities, which of the following is not a true statement? (Points : 5)While GASB standards guide the format of the comparison, it does not require governments to maintain budgetary accounts.GASB standards require governmental entities to present a comparison of budgeted and actual results for the General Fund and special revenue funds with legally adopted budgets.Budgetary accounts are required to appear in the general purpose financial statements.The basis of accounting used to report the actual column in the budgetary comparison schedule is prepared according to legal requirements for budget preparation even if it departs from GASB Statements.5. (TCOs B and C) The proper journal entry to record an encumbrance would include which of the following? (Points : 5)(A) A debit to the Encumbrance Account.(B) A debit to the Reserve for Encumbrances Account.(C) A credit to the Reserve for Encumbrances Account.A and C would both be included in the journal entry.6. (TCOs B and C)) Capital assets that are used by an enterprise fund should be accounted for in the following fund? (Points : 5)Enterprise fund but no depreciation on the capital assets should be recorded.Enterprise fund and depreciation on the capital assets should be recorded.Business-type activities journal but no depreciation on the capital assets should be recorded.Governmental activities journal and depreciation on the capital assets should be recorded.7. (TCO E) When a government acquires general fixed assets under a capital lease agreement, how should the asset be recorded in the government-wide financial statements? (Points : 5)As an expense when payments are made.At the inception of the lease agreement at the lesser of the present value of the minimum lease payments of the fair market value of the property.As an expenditure when payments are made.None of the above8. (TCO E) Which of the following projects would usually be accounted for in a capital projects fund? (Points : 5)(A) Payment of interest on bonds that are issued to finance the construction of a new city hall.(B) The construction of a parking garage that is operated as an enterprise fund.(C) The construction of a fire station addition.Both A and B would be accounted for in a capital projects fund.9. (TCO E) Which of the following statements is a true statement regarding the reporting of debt service funds? (Points : 5)Debt service funds are reported in a separate column in the governmental fund financial statements.Debt service funds are reported in the other governmental funds column in the governmental fund financial statements.Debt service funds are reported in a separate column in the government-wide financial statements.Debt service funds are reported in the governmental activities column in the government-wide financial statements.10. (TCO D) Under GASB Statement No. 33, when would a special revenue fund be considered to have satisfied the eligibility requirement of a reimbursement type federal grant? (Points : 5)Only as the work is completed for a project.When the work has started for the project.Only after the work is completely finished for the project.When a plan for the use of the funds has been developed and approved by the appropriate personnel1. (TCO E)You are in a staff meeting with the city controller and one of your colleagues was quoted as follows: “Capital projects funds are established by a government to account for all plant or equipment acquired by construction.” Do you agree with this statement? Why or why not? (Points : 30)2. (TCOs A and B)How are the major funds of a state or local government determined by a governmental entity? (Points : 30)
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-4-midterm-examFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 5 Case Study City of ShipleyCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-case-study-city-of-shipleyFor more classes visithttp://www.uopassignments.comACCT 567 Week 5 Case Study City of Shipley
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-case-study-city-of-shipleyFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 5 Homework Case studyCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-homework-case-studyFor more classes visithttp://www.uopassignments.comACCT 567 Week 5 Homework Case study
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-homework-case-studyFor more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 5 Problems 8-4 and 9-4Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-problems-8-4-and-9-4For more classes visithttp://www.uopassignments.comACCT 567 Week 5 Problems 8-4 and 9-4The county collector of Lincoln County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1 percent from the collections for the town, the school district, and the townships. The total amount deducted is added to the collections for the county and remitted to the Lincoln County General Fund.The Village of Dover administers a defined benefit pension plan for its police and fire personnel. Employees are not required to contribute to the plan. The village received from the actuary and other sources the following information about the Public Safety Employees’ Pension Fund as of December 31, 2011.
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-problems-8-4-and-9-4For more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 5 Test All Questions and AnswersCheck this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-5-test-all-questions-and-answersFor more classes visithttp://www.uopassignments.comACCT 567 Week 5 Test All Questions and Answers1. Question : (TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?Enterprise FundInternal Service FundAdvance FundAgency Fund2. Question : (TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis?General FundEnterprise FundInternal Service FundPermanent Fund3. Question : (TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)Private-Purpose Trust Fund.Investment Trust Fund.Pension Trust Fund.Agency Fund.4. Question : (TCO H) Which of the following would be considered a performance audit under the Governmental Auditing Standards?An investigation into whether a social service agency of a state government improved the lives of the clients.An investigation into whether a purchasing department of a government was operated efficiently.Both of the aboveNeither of the above5. Question : (TCO J) Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?A description of the government’s financial condition.A discussion of economic factors and the budget and tax rates approved for the next year.A forecast of revenues and expenditures for the next three fiscal years.A narrative explanation of the contents of the CAFR.6. Question : (TCO H) Which of the following would be considered “contribution revenue or support” of a not-for-profit organization?Monies received from a fund-raising campaign.Investment earnings.Money received from rental of surplus office space.Gain on disposal of capital assets.7. Question : (TCO H) Describe the different types of governmental audits and attestation engagements.8. Question : (TCO F) Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information:
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Term
 Keller ACCT 567 Week 6 Problem 12-4Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-6-problem-12-4For more classes visithttp://www.uopassignments.comACCT 567 Week 6 Problem 12-4Quad-States Community Service Agency expended federal awards during the most recent fiscal year in the following amounts for the programs shown:Additional information indicates that Programs 4 and 10 were audited as major programs in each of the two preceding fiscal years, with no audit findings reported.Requireda. Which programs would be considered Type A programs and why? Type B programs?b. Based on the information provided, which programs would you select for audit and why?c. If you found out that a new manager with no previous experience was now in charge of Program 4, would your answer to part b change? If so how?
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 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-6-problem-12-4For more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 7 Problems 16-3 and 17-6Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-7-problems-16-3-and-17-6For more classes visithttp://www.uopassignments.comACCT 567 Week 7 Problems 16-3 and 17-6Elizabeth College, a small private college, had the following transactions in fiscal year 2011.1. Billings for tuition and fees totaled \$5,600,000. Tuition waivers and scholarships of \$61,500 were granted. Students received tuition refunds of \$101,670.2. During the year the college received \$1,891,000 cash in unrestricted private gifts, \$575,200 cash in temporarily restricted grants, and \$1,000,000 in securities for an endowment.3. A pledge campaign generated \$626,000 in unrestricted pledges, payable in fiscal year 2012.4. Auxiliary enterprises provided goods and services that generated \$94,370 in cash.5. Collections of tuition receivable totaled \$5,380,000.6. Unrestricted cash of \$1,000,000 was invested.7. The college purchased computer equipment at a cost of \$10,580.8. During the year the following expenses were paid:
Definition
 Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-7-problems-16-3-and-17-6For more classes visithttp://www.uopassignments.com
Term
 Keller ACCT 567 Week 7 Problems 16-3 and 17-6Check this A+ tutorial guideline athttp://www.uopassignments.com/acct-567-keller/acct-567-week-7-problems-16-3-and-17-6For more classes visithttp://www.uopassignments.comACCT 567 Week 7 Problems 16-3 and 17-6Elizabeth College, a small private college, had the following transactions in fiscal year 2011.1. Billings for tuition and fees totaled \$5,600,000. Tuition waivers and scholarships of \$61,500 were granted. Students received tuition refunds of \$101,670.2. During the year the college received \$1,891,000 cash in unrestricted private gifts, \$575,200 cash in temporarily restricted grants, and \$1,000,000 in securities for an endowment.3. A pledge campaign generated \$626,000 in unrestricted pledges, payable in fiscal year 2012.4. Auxiliary enterprises provided goods and services that generated \$94,370 in cash.5. Collections of tuition receivable totaled \$5,380,000.6. Unrestricted cash of \$1,000,000 was invested.7. The college purchased computer equipment at a cost of \$10,580.8. During the year the following expenses were paid:
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Definition
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