PPT-Governmental Accounting Capital Assets

Resource 2016 Local Government Corporation Capital Assets Certified Continuing Professional Education Class 2 hour credit Must remain for the entirety of the class to receive CPE credit Must sign in and sign out to receive CPE credit. GOVERNMENTAL ACCOUNTING. Purposes and Sources. What is the organizational purpose of governments?. To promote the well-being of citizens. To provide public services. Note: No generation of returns to owners. Presented by. Leanne T. Cross, CPA. lcross@mjcpa.com. Governmental Acronyms. FASB – Financial Accounting Standards Board. GAAP – Generally Accepted Accounting Principles. GASB – Governmental Accounting Standards Board. to . Promote Early Loss . R. ecognition. Michael Moore. International Monetary Fund. October 2014. Vienna. These are the views . of the speaker . not necessarily . the IMF. 2. This session will discuss . 59. th. Annual V.G. Young Institute School for . County Commissioners Courts. February 8-10, 2017. Donna . Thornton, CPA CIO. Objectives Part One. Discuss and Analyze the Differences . B. etween . G. ACCOUNTING. AN ECONOMIC DEVELOPMENT. ACCUSER. OF ACCOUNTING INFORMATION . OUTING. AS AN A INFORMATION SYSTEM. FACTORES INFLUENCING ACCOUNTING ENVIRONMENT. ACCOUNTING STANDERDS . ACCOUNTING PRINCIPLE . Charged on the profit arising on disposal of capital assets. Rate of CGT in . 2015 . is 33%. Capital Gains Tax. The charge to CGT. Section 28 TCA 97. CGT “…shall be charged in accordance with the Capital Gains Tax Acts in respect of capital gains, that is, in respect of chargeable gains computed in accordance with those Acts and accruing to a person on the disposal of assets.”. Chapter 8. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. . Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. -A.K.GANESHAN. Retd.Sr.AFA/SF. Accounting. The Following are the main bases of accounting. Cash basis. Accrual basis. Mixed basis i.e., partly cash basis and partly accrual basis. What is Cash Accounting System. 1 176006a Code is pending and later than the 7th business the date the originally filed questionnaire incomplete or inaccurate or a local governmental entity that / I I Amended 0111312006 ELIXIR CAPITAL LIMITED Formerly AXIS CAPITAL MARKETS INDIA LIMITEDPART I All Rs In lakhs except EPS 3 months 3 months 3 months 6 months 6 months 12 months 3 months 3 months 3 months 6 months 6 months Definition and Governing Bodies. . GAAP PowerPoint #1. Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. Nature Coast FGFOA. July 20, 2016. Sarah C. Koser, CPA, CGFO, CPFO. Interim Finance Director. The Villages Community Development Districts. Capital Assets – Defined. Basic Accounting. Major Asset Classes.