Archives
Chapter 01 1 functional expenses, and cash flows for the years then ended
Chapter 01 1 Cash From Financing net Change Cash cash Beginning cash Ending cash beginning balance transactions
Cash Prepaid Expense Property, Plant and Equipment Deferred Revenue Notes Payable Beginnin g Balance 1 100,000 100,000 2(12,000) 12,000 Note: Allow 2 and 12 together 3(4,500) 4,500 4(50,000) 50,000 5(1,000) (1,000) Advertising Expense Note: Accept if paid or not (wording […]
Chapter 01 1 Does this mean the BCF financial statement reflect no errors
Contribution Income, FY2010: 10,004,245 50.31% 19,884,491 Y/Y Change: =(10004245/8611418)-1 = 16.2% Net Investment Income, FY2010: 8,737,877 43.94% 19,884,491 Y/Y Change: =(8737877/-15844736)-1 = 155.1% (note: need to make positive) Directions: Answer the following questions using the Baruch College Fund’s Audited Financial […]
Chapter 01 1 You may use one double-sided page of notes. Put away all other written materials
NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE CORE-GP.1021: Financial Management Midterm Examination Professors Smith and West Fall 2011 SOLUTIONS Name: ______________________________________________________ Student ID: __________________________________________________ Please circle the lecture you normally attend: Tuesday Tuesday Wednesday 12:30 pm […]
Chapter 02 1 As a financial analyst for a large metropolitan area’s transportation authority
1 Answer all 5 questions. Make sure your answers are clearly delineated. Show all your work, and state any assumptions you are making. If you insist on e-mailing the answers, make sure your name is on the exam. Also, make […]
Chapter 02 1 Nonprofits are required to report on three categories of net assets
PAF 9153 Final Exam Profits from the unrelated business No, because indirect cost centers are not allocated to each other. Unrestricted, temporarily restricted, permanently restricted They create or enhance non-financial assets, or the services require specialized skills, are provided by […]
Chapter 03 1 The points for each question are indicated in parentheses next to the question
PAD-501 Initials _____________ 1 before each calculation. If you do not, you may get wrong results. information you used to calculate the answer. Do not just write down the final answer. UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and […]
Chapter 03 1 We conducted our audit in accordance with auditing standards generally accepted
AMERICAN DIABETES ASSOCIATION CONSOLIDATED FINANCIAL STATEMENTS December 31, 2010 (with Independent Auditors’ Report Thereon) ________ Independent Auditors’ Report The Board of Directors American Diabetes Association: We have audited the accompanying consolidated balance sheet of the American Diabetes Association (the Association) […]
Chapter 03 1 When you are done, hand in your exam, transactions worksheet, financial statements
NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE CORE-GP.1021: Financial Management Final Examination Professors Smith and West Fall 2011 SOLUTIONS Name: _____________________________________________________________________ Student ID: _________________________________________________________________ Wagner Student Mailbox No.: __________________________________________________ (If you are not a Wagner student, […]
Chapter 03 2 the fair value of assets associated with an individual donor-restricted endowment fund
AMERICAN DIABETES ASSOCIATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2010 (with comparative information as of and for the year ended December 31, 2009) ________ (continued) 12 corporations and derives monthly rental income that is reported in investment income in […]
Chapter 04 1 International students may also use a dictionary. Place all other materials on the floor
PAD-501 Initials _____________ 1 information you used to calculate the answer. Do not just write down the final answer. UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management Midterm Examination Fall 2010 Your Name: ______________________________________________ Section […]
Chapter 04 1 Placed an advertisement in the local newspaper for their services
value. future. would be unable to pay. foundation money. pays TIC $50,000 as per their contract. of what is earned in total is from tutoring subsidized students as per the foundation grant. Exam #1 Please follow the directions provided. Tests […]
Chapter 04 1 What is the basis of the audit for FCAA? Where did you find the information
Answer: Highly liquid debt instruments with maturities of less than three months including repurchase agreements. Source: Note 1-e. Subtract 1/2 point for missing source. Answer: Straight-line. Source: Note 1-i. Subtract 1/2 point for missing source. Answer: The audit is unqualified. […]
Chapter 05 1 Have a Direct and Material Effect on Each Major Program and on Internal
FULMONT COMMUNITY ACTION AGENCY, INC. Financial Statements and Supplementary Infonnation September 30, 2010 and 2009 (With Independent Auditors’ Report Thereon) FULMONT COMMUNITY ACTION AGENCY, INC. Table of Contents Independent Auditors’ Report Financial Statements: Statements of Financial Position Statements of Activities […]
Chapter 05 1 The Hole-in-the-Wall Camp is trying to decide whether it should lease a new
PAD-501 Initials _____________ 1 information you used to calculate the answer. Do not just write down the final answer. 2) You may use, but not share a calculator. Remember to clear your calculator before each calculation. If you do not, […]
Chapter 05 1 The State Department of Education offers demonstration grants that Charter Schools
than enough time. Use the extra time to check your work. you have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management Final Examination Spring 2011 Name: ________________________________________________ As a […]
Chapter 05 2 Contributions that are restricted by the donor are reported as increases in unrestricted
FULMONT COMMUNITY ACTION AGENCY, INC. Notes to Financial Statements, Continued (1) Summary of Significant Accounting Policies, Continued (1) Promises to Give Contributions are recognized when the donor makes an unconditional promise to give to the Agency. Contributions that are restricted […]
Chapter 06 1 A summary of the significant accounting policies consistently applied in the preparation
ST. CATHERINE’S CENTER FOR CHILDREN FINANCIAL STATEMENTS and INDEPENDENT AUDITOR’S REPORT June 30, 2010 ST. CATHERINE’S CENTER FOR CHILDREN FINANCIAL STATEMENTS and INDEPENDENT AUDITOR’S REPORT June 30, 2010 C O N T E N T S Page INDEPENDENT AUDITOR’S REPORT […]
Chapter 06 1 If the organizations that owned the properties that were exempt from taxation agreed
PAD-501 Initials _____________ 1 before each calculation. If you do not, you may get wrong results. 5) The points for each question are indicated in parentheses next to the question. 6) Look through the exam before you begin. UNIVERSITY AT […]
Chapter 06 1 You have the full three-hour period to complete the exam
enough time. Use the extra time to check your work. have time. the top of each page. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management Final Examination Fall 2011 Name: […]
Chapter 07 1 At any interest rate above zero, the future value of an investment will always
PAD-501 Initials _____________ 1 before each calculation. If you do not, you may get wrong results. information you used to calculate the answer. Do not just write down the final answer. UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and […]
Chapter 07 1 Cash Flow Statement For the Year Ending 2011 Changes in Current Assets Inventory
Cash Prepaid Expense Property, Plant and Equipment Deferred Revenue Notes Payable Beginnin g Balance 1 100,000 100,000 2(12,000) 12,000 Note: Allow 2 and 12 together 3(4,500) 4,500 4(50,000) 50,000 5(1,000) (1,000) Advertising Expense Unrestricted Transactions Worksheet Assets Liabilities Net Assets […]
Chapter 07 1 Placed an advertisement in the local newspaper for their services
value. future. paid for it with cash. would be unable to pay. has not yet provided the services. foundation money. pays TIC $50,000 as per their contract. of what is earned in total is from tutoring subsidized students as per […]
Chapter 08 1 Mead Meals on Wheels has a contract with the city to feed homebound elderly people
PAD-501 Initials _____________ 1 before each calculation. If you do not, you may get wrong results. information you used to calculate the answer. Do not just write down the final answer. UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and […]
Chapter 08 1 What is the fundamental accounting equation for a nonprofit organization
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 09 1 be sure to identify the accounts impacted by each transaction
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 09 1 The financial statements of WAMC follow generally accepted accounting principles which
AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION Years ended June 30, 2010 and 2009 WAMC TABLE OF CONTENTS Page Independent Auditor’s Report 1 Financial Statements Statements of Financial Position 2 Statements of Activities 3 Statements of Cash Flows 4 Notes to […]
Chapter 10 1 If a nonprofit operates an unrelated business to earn income for itself
PAF 9153 Final Exam Profits from the unrelated business No, because indirect cost centers are not allocated to each other. Unrestricted, temporarily restricted, permanently restricted They create or enhance non-financial assets, or the services require specialized skills, are provided by […]
Chapter 10 1 If the Net-Present-Value of the cash flows from an investment is greater
PAD-646 Initials _____________ 1 before each calculation. If you do not, you may get wrong results. information you used to calculate the answer. Do not just write down the final answer. UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and […]
Chapter 11 1 A measure of cost based on the value of the alternatives that are given up
NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE P11.1021: Financial Management Midterm Examination Lecturer Rogers Summer 2007 SOLUTIONS Name: ________________________________________________ Student ID: ____________________________________________ Directions: 1) As a courtesy to your classmates, please turn off electronic devices such […]
Chapter 11 1 prepare a comparative balance sheet, an activity statements and a cash-flow
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 11 1 Report of Independent Certified Public Accountants on Supplemental Information
SARATOGA PERFORMING ARTS CENTER, INC. AND NATIONAL MUSEUM OF DANCE COMBINED FINANCIAL STATEMENTS and REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS December 31, 2007 and 2006 SARATOGA PERFORMING ARTS CENTER, INC. AND NATIONAL MUSEUM OF DANCE COMBINED FINANCIAL STATEMENTS and REPORT […]
Chapter 11 2 Our audits were made for the purpose of forming an opinion on the basic
SARATOGA PERFORMING ARTS CENTER, INC. AND NATIONAL MUSEUM OF DANCE NOTES TO COMBINED FINANCIAL STATEMENTS December 31, 2007 and 2006 Page 11 NOTE H –EMPLOYEE BENEFIT PLAN –Continued Accumulated benefit obligation was $1,779,517 at December 31, 2007. Projected benefit payments […]
Chapter 12 1 Has the value of the Wallace Endowment increased or decreased since
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 13 1 some terms may not be used in any of the answers while others
Initials __________ 1 UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-646: Financial Management Midterm Examination Fall – 2006 Your Name: ________________________________________________ Turn off all cell phones and pagers during the exam Directions: 4) Show all your work. […]
Chapter 13 1 The non distribution constraint prohibits nonprofits from distributing profits
PAF 9153 Final Exam The nondistribution constraint prohibits nonprofits from distributing profits to owners or other external stakeholders. Rather, profits must be retained by the organizations. Profits from the unrelated business Market Failure: underprovide public goods, overexclude from excludable public […]
Chapter 14 1 Compute the total variance, volume variance, price variance, and quantity variance
NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE P11.1021: Financial Management Midterm Examination SOLUTIONS Professors Rose, Forsythe, and Calabrese Fall 2006 Name: ________________________________________________ Student ID: ____________________________________________ PLEASE CIRCLE YOUR SECTION TUESDAY TUESDAY WEDNESDAY WEDNESDAY 12:30 pm 6:20 […]
Chapter 14 1 Show the transaction as it would appear on the City’s modified accrual transaction sheet
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 15 1 Record the transactions below for the Albany Community Center, a nonprofit organization
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]
Chapter 16 1 From the perspective of the program director for Nigeria, for the coming year
1 NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE P11.1021: Financial Management – Midterm Examination Professors Calabrese and Finkler – Spring 2006 Your Name: ________________________________________________ Your Student ID: ____________________________________________ Circle the day and time your class meets […]
Chapter 16 1 PRINT your name clearly on every page of this exam and put your initials at the
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-646 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-646: Financial Management […]
Chapter 17 1 Temporarily restricted net assets include resources expendable only for those
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE WNYC Radio Years ended June 30, 2006 and 2005 with Report of Independent Auditors WNYC Radio Financial Statements and Supplemental Schedule Years ended June 30, 2006 and 2005 Contents Report of Independent Auditors ………………………………………………………………………………….. 1 […]
Chapter 17 1please turn off electronic devices such as cell phones and pagers
New York University Robert F. Wagner Graduate School of Public Service P11.1021: Financial Management Lecturer Rogers Final Examination SOLUTIONS Summer 2007 Name: ________________________________________________ All exams will be returned to the Puck Student Mailroom. Please provide your mailbox number or, if […]
Chapter 18 1 Audited Financial Statements Supplementary Information Years Ended
AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years ended June 30, 2006 and 2005 WAMC TABLE OF CONTENTS Page Independent Auditor’s Report on the Financial Statements 1 Financial Statements Statements of Financial Position 2 Statements of Activities 3 Statements of Cash […]
Chapter 18 1 What were the two largest contributors to the change in WAMC’s total revenue
must be put away. You may not share your calculator. enough time. Use the extra time to check your work. have time. PAD-501 Initials ________ 1 SOLUTIONS UNIVERSITY AT ALBANY Rockefeller College of Public Affairs and Policy PAD-501: Financial Management […]