PPT-ACC/460 Government and Non-Profit Accounting

WEEK THREE Financial Reporting and Control for State and Local Governments Learning Objectives After Week 3 you should be able to Assess and prepare governmental fund financial statements and governmentwide financial statements and understand how to reconcile the two . maximization. Economic profit = total revenue - all economic costs. Economic costs include accounting cost. (. explicit. . costs. ). and opportunity costs (implicit. . costs. ).. Profit maximization. 90% of small businesses fail due to poor financial management, lack of internal controls, and inadequate planning.. Why do you need to understand and create accurate financial reports for your business?. Career Opportunities . Careers. Accounting Clerk. Bookkeeper. Accountant. Certified Public Accountant. There are many accounting career opportunities with varying educational and experience requirements.. LECTURE NOTES – VACATION SCHOOL 2018. INTRODUCTION TO PUBLIC SECTOR ACCOUNTING. L. EARNING OBJECTIVES. After studying this chapter, readers will be able to:. Understand the objective of public sector accounting. The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books Introduction. Accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.. Accounting not only records financial transactions and conveys the financial position of a business enterprise; it also analyses and reports the information in documents called “financial statements.”. Government Accounting-an overview. Features of Government Accounting. General Principles of Government Accounting. Comparison between Government Accounting and Commercial accounting. Government Accounting & Reporting. (A) Accounting concepts.. (B) Accounting conventions.. Accounting concepts- . Accounting concepts are the fundamental assumptions on which transactions are recorded and financial statements are prepared. These concepts provide base for accounting process. While doing accounting use of these concepts are compulsory and they are not optional. More or less they are rigid and can not be changed. . Tuesday, July 11, 11:00 AM. Presented . by: . Teri Jones & Chi Zhang. Agenda. Accounting Journals. . (. Reference Files, Accounting Journals). Cash . Budget . (Task 1 & 2). Making . Projections . Presented by:. CA Verendra Kalra. ORGANISED . BY. . ON. AUG 05, 2008. AT. ONGC. . 2. ACCOUNTING STANDARD – 12. OVERVIEW. . ACCOUNTING STANDARD – 12. ILLUSTRATIONS. DISCLOSURES. REFUND. RECOGNITION. . M.Saranyadevi. ,. Assistant Professor,. . PG . Department of Commerce (. sf. ),. . Cardamom . Planters’ Association College. . Learning Objectives. BY UTSAV PALAN.. Points to be covered under IND AS-20 are as follows:. Introduction.. Scope.. Definitions.. Recognition of Government Grant. . Accounting Of Government Grant.. Disclosures.. INTRODUCTION TO IND AS-20.