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ACC 497 Week 5 Learning Team Case Study Assignment 2015 version

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ACC 497 Week 5 Learning Team Case Study Assignment





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Case Study ACC 497 Advanced Topics in Accounting Research Case Study This case evaluates the differences in charitable contributions and debts of both St. Jude and Universal Health Services. Furthermore, this demonstrates how non-profit organizations from being ran a certain way and how the government entities are operated by comparison. There is also evidence of how the recording of revenue and contributions are assessed, but yet, how these different organizations are structured. In addition, there is a mixture of how the revenue makes for different strategies for capital gain. The Financial Accounting Standards 116 is also referred to as the FAS 116 covered the accounting for contributions made or the contributions received from a non-profit organization. FAS 116 also relate to the importance of separating the contributions received, temporarily net assets, and unrestricted net assets. In order

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ACC 497 Week 5 Learning Team Case Study Assignment 2015 version

  1. 1. ACC 497 Week 5 Learning Team Case Study Assignment Link : http://uopexam.com/product/acc-497-week-5-learning-team-case-study-assignment/ Title:
  2. 2. ACC 497 Week 5 Learning Team Case Study Assignment Sample content: Case Study ACC 497 Advanced Topics in Accounting Research Case Study This case evaluates the differences in charitable contributions and debts of both St. Jude and Universal Health Services. Furthermore, this demonstrates how non- profit organizations from being ran a certain way and how the government entities are operated by comparison. There is also evidence of how the recording of revenue and contributions are assessed, but yet, how these different organizations are structured. In addition, there is a mixture of how the revenue makes for different strategies for capital gain. The Financial Accounting Standards 116 is also referred to as the FAS 116 covered the accounting for contributions made or the contributions received from a non-profit organization. FAS 116 also relate to the importance of separating the contributions received, temporarily net assets, and unrestricted net assets. In order to better establish how the Financial Accounting Standards 116 works financial information for two separate non-profit organizations will then be provided and applied in this case. The information provided applies from the fiscal year of 1999; the organizations would include St. Jude Childrens Research Hospital and American Lebanese Syrian Associated Charities Inc. The information provided in this case for each of the organizations presents some differences. The most obvious difference is illustrated in Table 5.3-1 in reference to a FAS 116 adjustment. The note for the adjustment is made as it indicates and shows deferred debit and credits by the contracted amount of $157,628. In different words, the case of St. Judes Childrens Research hospital shows that an alteration was made in the recognition of interest revenue for the total amount indicated. The information provided illustrates that both organization will show us a type of contribution, gift, and a grant as reported t http://uopexam.com/product/acc-497-week-5-learning-team-case-study-assignment/

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