ACCT 462 Exam 4 Reviews

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Across
  1. 3. Authoritative jurisdiction for public not-for-profits.
  2. 4. Accounting for activities related to serving the public.
  3. 11. Insurance providers are an example.
  4. 14. Donations recognized as revenue when the promise is made.
  5. 16. Accounting for business-type activities.
  6. 17. On fund-based financial statements, the purchase of a truck would be debited to here.
  7. 19. Fund-based financial statements recognize this when measurable and available to be used.
  8. 21. Accounting for financial resources held for others as a trustee.
  9. 22. These credit entries are used for recording budgets in fund-based financial statements.
Down
  1. 1. Record financial resources accumulated to pay long-term liabilities and interest when due.
  2. 2. Financial Statements that include information on fiduciary funds.
  3. 5. The Statement of ___ is required to be prepared by hospitals.
  4. 6. Accounts for cost incurred to acquire or build major governmental facilities.
  5. 7. Transactions between governmental and enterprise funds that are reported on government-wide financial statements.
  6. 8. Section 501(c)(4) of the Internal Revenue Code applies to ____ groups.
  7. 9. Activities relating to the objectives of the organization.
  8. 10. Governmental activities that are financed, at least in part, by a user charge.
  9. 12. Classification of net assets that are designed for a particular purpose or future time period.
  10. 13. Contracts with hospitals and insurance companies to set fee schedule for specific procedures.
  11. 15. Existence is to serve other functions of government by a cost-reimbursement basis.
  12. 18. The Statement of Activities and Changes in Net Assets uses the ___ of accounting.
  13. 20. A recorded commitment or contract.