ACC 548 Week 5 Learning Team Assignment Reporting Requirements Memo (UOP Course)

Apr 23rd, 2015
Studypool Tutor
Price: $5 USD

Tutor description

ACC 548 Week 5 Learning Team Assignment Reporting Requirements Memo (UOP Course)

Word Count: 960
Showing Page: 1/5
MEMORANDUMDate: To: CPA Senior PartnerFrom: Subject: Reporting RequirementsObjectives:This memo is prepared with two objectives as follows: 1. To provide analysis reporting requirement both of a small county hospital (SCH) and a private not-for-profit nursing home (PNH). 2. To provide comparison and contrast accounting practices between the two entities.Analysis Reporting Requirements for a Small County HospitalBased on the standard setting of authoritative body, a small county hospital as a special purpose entity has to follow the accounting and reporting standards of GASB Statement 34 (Category A GAAP) and the AICPA Health Care Guide (Category B GAAP).Consequently, the components of financial report the SCH has to prepare statements: Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Fund Net Assets, Statement of Cash Flows. In addition to statement includes: Management Discussion and Analysis (MD&A), Notes to the Financial Statements, and Required Supplementary Information other than MD&A.This SCH chooses as enterprise activity uses accrual basis accounting and economic measurements focus with modifications as required by the AICPA Health Care Guide. Consequent to the Health Care Guide, the SCH has different equity accounts than non-governmental entities. * Cash Flows, the SCH use the four category GASB format of cash flows: (1) from operating activities; (2) from noncapital financing activities; (3) from capital and related financ

Review from student

Studypool Student
" Tutor was very helpful and took the time to explain concepts to me. Very responsive, managed to get replies within the hour. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors