PPT-ACCRUAL Accounting for Funds Kenya School of

ACCRUAL Accounting for Funds Kenya School of Government 5th December 2018 Robinson Kweyu and Christine Nthiga Overview of the Presentation Introduction Fund Accounting Primary Financial Statements Financial Records to be maintained by a. ACCRUAL ACCOUNTING. WELCOME!!!. Valerie Monahan. Heidi Barclay. ACCRUAL ACCOUNTING. Accounting Methods. All organizations must choose an accounting method for financial reporting purposes. Accounting Methods. Chapter 3. Learning Objectives. After studying this chapter, you should be able to:. Describe basic accrual accounting concepts, including the matching concept. Use accrual concepts of accounting to analyze, record, and summarize transactions. Quicken Tags. Wm. Bruce Clevenger. OSU Extension . Educator and Assistant Professor. . Agriculture and Natural Resources. Is Farming Accrual?. Did all activity about the 2012 crop occur in 2012?. Objectives. accrual goal . vs. minimum requirement in UM1 parent grant supplements. Total budget is $7.2M for supplements and maximum direct costs per award set at $560,000 in RFA.. The . program intends to release funds . 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. CHAPTER . 4. ADJUSTING ENTRIES. LINKAGE. ENHANCE YOUR PREVIOUS KNOWLEDGE REGARDING FINANCIAL STATEMENTS. YOU WILL BE ABLE TO MAKE ADJUSTING ENTRIES AT THE END OF ACCOUNTING PERIOD. 2. of 43. OUTCOME of THIS SESSION. The accounting process. Key Terms. The Matching Principle. Cash Accounting. Accrual Accounting. Balance day adjustments. Accounting Period and Profit Determination. For accounting purposes, the accounting period assumption assumes that the life of a business is divided into arbitrary time periods. Stephanie LaBorde, School Funds Accountant. Claudia Wallace, School Funds Clerk. Audit Evaluation-Purpose. Developed to make audit reporting objective and easier to understand. . Gives school administration & audit committee an easy to understand, objective, and clear idea of the school’s accounting practices.. Workshop Accounts. Introduction:. Production units and workshops established in Indian Railways are meant for Building. (Creating the asset). , Repair & Maintenance of various kinds of Rolling Stock (i.e. Locos, Carriages, Wagons and other departmental vehicles) (. Campus Services. Overview:. Accounting standards. GAAP Principle. Accounting Methods. What is accrual Accounting?. Why does this matter?. Accruals entries. Examples. Accounting Standards. Accounting standards are rules and guidelines set by governing bodies like:. Environmental Management Consolidated Business Center (EMCBC) April 9, 2019 cost accrual BASICS What are Costs? What is an accrual ? Automated (Default) STARS’s Accrual vs FAST Accrual Adjustment Peter MoyiAbstractIn Kenya policies to increase access to quality education have largely focused on reducing rural/urban gender and income inequality Yet many children do not attend or fully participa Kenya . School of Government. 5. th. December . 2018. Robinson Kweyu and Christine . Nthiga. Overview of the Presentation. Introduction. Fund Accounting. Primary Financial Statements. Financial . Records to be maintained by a . Environmental-Economic Accounting in Kenya. Outline of the Presentation. Rationale for EEAs in Kenya. History . of Environmental Economic Accounting in Kenya. Policy environment. Priority Environmental Economic Accounts for Kenya .