Chapter 3 Term Paper for Accounting for Non Profit Expenses should be inform by function or program. Direct expenses argon those associated with a function or program. Indirect expenses atomic repress 18 those that be not directly linked to an placeable function. revenues should be stately between program revenues and planetary revenues. broadcast revenues be report in the program or functions portion of the rehearsal. usual revenues ar not directly linked to whatsoever program orbfunction and calculate in the bottom section of the statement. chopine revenues argon reported in the charges for services, operating grants and contributions and capital grants and contributions. wonderful items, special items, and transfers ar reported separately on the government-wide statement of activities. Extraordinary items are both unusual in spirit and remarkable in occurrence which is usually beyond the examine of management. Special items are either unusual or infreq uent and must be within the control of management. exercisingd to account for the general judicature and most traditional services of government. The General Fund is apply to record the budgetary inflows and outflows estimated or certain in the yearly budget.
In the Operating Statement Accounts the Revenues and otherwise Financing Sources adjoin fund remainder when closed and are recognized on the Modified accretionExpensive. Expenditures and Other Financing Uses decrease fund balance when closed and are recognized on the Modified Accrual basis. Periodically compare actual revenues to estimated revenues. U se a everyday classification scheme for rev! enues and estimated revenues. Estimated Revenues and Revenues are utilise to control withal named columns in the detail accounts in the Revenue subsidiary ledger. The centerfield of the Estimated Revenues and Revenues account balances of the subsidiary ledger must couple the general ledger control account balances for those accounts. Ad valorem taxes are assessed on the value of...If you want to get a unspoilt essay, found it on our website: OrderCustomPaper.com
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