Discussion Post I: Financial Statements
Which types of financial statements (balance sheet, income statement, cash flow statement, internal budget, operating plan) would be most meaningful to supply to the board members of a publicly-held company seeking to expand operations? Would your answer be different if working with a private company? Respond to at least two of your classmates' postings.
Discussion Post II: Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets
Determine the correct category for the following items a to d and explain your rationale: (i) Revenue from gift shop sales (ii) Donor gives cash to the organization, specifying it cannot be used until the following year (iii) Donor makes a pledge for current year operations but it is not yet paid (iv) Donor gives organization a statue, but makes it promise to only display the statue and not sell it. Respond to at least two of your classmates' postings.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.
Textbook: Ives, M., Patton, T., Patton, S. (2013). Introduction to governmental and not-for-profit accounting (7th ed.). Pearson.
a) Chapter 13: Accounting for Health Care Organizations
b) Chapter 14: Analysis of Financial Statements and Financial Condition
c) The full-text version of this ebook is available in your online classroom through the VitalSource platform.