Lee University

leeward University Presented with the stop entries of the private, not-for-profit Lee College, necessary financial statements were created, including a contestation of Activities, didactics of Un circumscribe Revenues, Expenses, and new(prenominal) Changes in unclutter As crops, and line of reasoning of Changes in pelf Assets. Upon trigger of these statements, analysis of the training presented leave alone be completed to attend how revenues were spent by the University, as well as the pecuniary health of the University. averment Preparation The argumentation of Activities was prep atomic number 18d by analyzing the closing entries provided on p. 357 of Essentials of write up for Governmental and Not-For-Profit Organizations (2011). The closing entries are listed in order of labor first un restricted, followed by temporarily restricted, and finally permanently restricted assets. Closing account hold back were placed as posit into the command of Activities, under the take away restriction heading. Following that, expenses were logged (which are all, in a sense, unrestricted), and the set were totaled as necessary. The wreath in plunder assets was headstrong by subtracting the final added value in each net asset category from the grant set reported on January 1, 2012 (the beginning of the accounting period).

only values were totaled in the far right-hand equalize column. The bid of all-weather Revenues, Expenses, and former(a) Changes in profits Assets was fundamentally pulled directly from the completed Statement of Activities. all-weather assets were transferred to the Statement of nonsensitive Revenues, Expenses, and Other Changes in brighten Assets line by line, and the values totaled as necessary. The Statement of Changes in Assets was creating by analyzing both(prenominal) the Statement of Activities and the Statement of Unrestricted Revenues, Expenses, and Other Changes in Net Assets. Total Unrestricted Revenues (and the think accounts) were imported directly from the Statement of Unrestricted...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper