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ACCT 567 Entire Course
ACCT 567 Week 1 Exercises
ACCT 567 Week 1 Exercises ACCT 567 Week 2 Case
Study I ACCT 567 Week 2 Problems 3-9 and 4-4,
4-6, 4-10 ACCT 567 Week 3 Problems 5-3 and
6-5 ACCT 567 Week 4 Midterm Exam ACCT 567 Week 4
Problems 7-3 and 7-8 ACCT 567 Week 5 Case Study
City of Shipley ACCT 567 Week 5 Homework Case
study ACCT 567 Week 5 Problems 8-4 and 9-4
From the textbook, complete the following
problems. Chapter 1 Exercise 13 Chapter 2
Exercises 23 and 25 
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ACCT 567 Week 2 Case Study I
ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
The General Fund of Middleville has presented you
with the following trial balance as of June 30,
2011. Debits Credits Cash 40,000 Taxes
Receivable- Delinquent 142,000 Estimated
Uncollectible Taxes- Delinquent 9,100 Interest
and Penalties Receivable 32,000 Vouchers Payable
24,000
From the textbook, complete the following
problems. Problems 3-9 and 4-4, 4-6, 4-10 
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ACCT 567 Week 3 Problems 5-3 and 6-5
ACCT 567 Week 3 Test All Questions and Answers
Make all necessary entries in the appropriate
governmental fund general journal and the
government-wide governmental activities general
journal for each of the following transactions
entered into by the City of Fordache. 1. The city
received a donation of land that is to be used by
Parks and Recreation for a park. At the time of
the donation, the land had a fair value of
5,200,000 and was recorded on the donors books
at a historical cost of 4,500,000.
ACCT 567 Week 3 Test All Questions and Answers  
     
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ACCT 567 Week 4 Midterm Exam
ACCT 567 Week 4 Problems 7-3 and 7-8
1. (TCOs A and B) Fiduciary funds are to use
which of the following measurement and basis of
accounting? (Points 5) Economic resource
measurement focus and accrual basis of
accounting.Current financial resources
measurement focus and accrual basis of
accounting.Economic resources measurement focus
and modified accrual basis of accounting.
During the fiscal year ended September 30, 2011,
the following transactions (summarized)
occurred 1. Employees were paid 290,000 wages
in cash additional wages of 43,500 were
withheld for federal income and social security
taxes. The employers share of social security
taxes amounted to 23,375. 2. Cash remitted to
the federal government during the year for
withholding taxes and social security taxes
amounted to 65,500.
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ACCT 567 Week 5 Case Study City of Shipley
ACCT 567 Week 5 Homework Case study
The City of Shipley maintains an Employee
Retirement Fund a single-employer, defined
benefit plan that provides annuity and disability
benefits. The fund is financed by a process that
makes actuarially determined contributions from
the citys General Fund and by contributions that
are made by the employees. The General Fund is
handling the administration of the retirement
fund and it does not have any administrative
expenses. The Statement of Net Assets for the
Employees Retirement Fund as of July 1, 2011 is
shown below
a. When was CalPERS established? b. What types of
employers contribute to CalPERS?\ c. How many
individuals are served by CalPERS? d. How many
and what types of funds are administered by
CalPERS? e. For the most recent reporting period,
what is the value of total fiduciary assets?
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ACCT 567 Week 5 Problems 8-4 and 9-4
ACCT 567 Week 5 Test All Questions and Answers
The county collector of Lincoln County is
responsible for collecting all property taxes
levied by funds and governments within the
boundaries of the county. To reimburse the county
for estimated administrative expenses of
operating the tax agency fund, the agency fund
deducts 1 percent from the collections for the
town, the school district, and the townships. The
total amount deducted is added to the collections
for the county and remitted to the Lincoln County
General Fund.
1.Question (TCO F) Any activities that produce
goods or services to be provided to other
departments or other governmental units would be
reported in which fund? Enterprise Fund Internal
Service Fund
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ACCT 567 Week 6 Problem 12-4
ACCT 567 Week 7 Problems 16-3 and 17-6
Quad-States Community Service Agency expended
federal awards during the most recent fiscal year
in the following amounts for the programs
shown Additional information indicates that
Programs 4 and 10 were audited as major programs
in each of the two preceding fiscal years, with
no audit findings reported. Required
Elizabeth College, a small private college, had
the following transactions in fiscal year
2011. 1. Billings for tuition and fees totaled
5,600,000. Tuition waivers and scholarships of
61,500 were granted. Students received tuition
refunds of 101,670.
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ACCT 567 Week 8 Final Exam
1. (TCO A) On what should the government-wide
financial statements report? (Points 5) Net
position and results of the financial operations
of the government as a whole.Budgetary
ComplianceThe cost of government servicesFiscal
accountability
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