In case of GASB standards the cash flow statement has four segments - operating, investing, cash flows from noncapital financing activities and cash flows from capital and related financing activities. In case of FASB standards the cash flow statement has three segments - operating, investing and financing.
Secondly GASB requires that the concerned organization uses only the direct method of determining cash flows from operating activities while in case of FASB cash flow from operations can be computed using either the direct method or the indirect method.
For example consider the example of cash flow related to payments in debt. In case of GASB both the principal as well as the interest payments will be included in the cash flows from capital and related financing activities section of the cash flow statement. However in case of FASB the cash flow statement’s financing section will show only the principal payments on debt.
In your own words, articulate the differences in cash flow statements required under GASB standards when compared with...
Option #1: Proprietary Funds Please respond in Word to the following exercise: In your own words, articulate the differences in cash flow statements required under GASB standards when compared with cash flow statements required by FASB standards. Provide specific examples of the differences. Using the fact scenario below, please respond in Excel to the following exercises: Prepare the journal entries to record revenues and disbursements if the city treats the program as an enterprise fund. Prepare the journal entries to...
Facts: The City of Duluth teamed with a professional football franchise to offer one day “Learn to Play Football” clinics for kids during the summer. The City provided the Town Green as a location, and the franchise covered all costs. 1,500 kids registered for the Duluth clinics during 2018. The franchise contributed upfront $100 per registered child to the city to cover expenses. Each child attending received a replica jersey of the team. The city also had a four-year loan...
what are learning standards in California for pre-k and 1st grade in your own words please provide examples please and thank you
In a complete paragraph discuss in your own words the similarities and differences between Bronfenbrenner and McLeroy’s socioecological models and provides some examples to illustrate how each level of the socioecological model are related in your examples?
-What are the three financial statements and highlight some differences between them in your own words. -Do you think that they're intuitive? -What are some things a firm's debt ratio can tell you about that firm? -As an investor what are some things that you would look for in the financial statements of a firm to help your decision to invest or not to invest?
QUESTION #4 - INVESTMENT POLICY STATEMENTS (12 Marks) REQUIRED: In your own words, explain the purpose of an Investment Policy Statement (IPS). (3 Marks) What information should be included in the IPS? List 3 items.(3 Marks) Explain three (3) differences between an IPS and the “Know Your Client Form”. (6 Marks)
In at least 500 of your own words, define the term “compensation.” Next, explain the differences between strategic and tactical compensation, and give at least three examples of core compensation practices and at least three examples of employee benefits practices.
Answer IN YOUR OWN WORDS. each answer 100 words. Codes of ethics and standards for professional nursing practice have been developed by some professional nursing organizations. These codes and standards guide us in our practice and our interactions with consumers, other nurses, and other health care professions. Select at least one of the ethical standards or one of the standards of practice and tell us how you implement this in your current practice or how you will implement it in...
In your own words identify the key differences between transactional and transformational leadership. Discuss at least two examples of each style in current sport leaders. Support your choices with evidence from valid resources.
Provide two examples of regular payments and two examples of non-regular payments. In your own words, explain the differences in the statutory withholding requirements between regular and non-regular payments..