ACC 460 Wk 1 Discussion – Government vs. Not-for-profit Accounting

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

What are the major differences between government accounting and for-profit business accounting? Be sure to consider accounting standards, statements, and reporting. What are the reasons behind these differences?

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.

ACC 460 Wk 2 Discussion – Funds Accounting

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss the differences between proprietary funds, internal service funds, and enterprise funds. How do the differences affect accounting for each type of fund?

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.

ACC 460 Wk 3 Discussion – The CAFR

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

What is the purpose of a Comprehensive Annual Financial Report, or CAFR? What standards must a CAFR comply with? What statements comprise a CAFR?

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.

ACC 460 Wk 4 Discussion – Tax-Exempt Status

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss how tax-exempt status is granted to public charities, private foundations, and commercial organizations. What differences are there in terms of the criteria an organization must meet to be designated tax-exempt? What governing body decides on these criteria?

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.

ACC 460 Wk 5 Discussion – Financial Reporting

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss the differences in financial reporting for public and private colleges and universities. (Refer to Ch. 15 of your textbook if necessary.)  Which of the two—public or private—follow the same reporting guidelines as nongovernmental not-for-profit organizations? Which may have taxing authority?

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.