Accounting Seminar Questions

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Go to www.providenceri.com– search for the Finance Department – then search for June 30, 2015 Comprehensive Annual Financial Report (CAFR). (note – the cursor must be on the date for the report to open)

A. Review the Comprehensive Annual Financial Report (CAFR) for the City of Providence and answer the following questions and indicate where in the CAFR the information is found:

  • 1.How many pages is the CAFR?
  1. What types of items are included in the CAFR?
  2. What are the sources of revenues for the City of Providence? List in descending numerical order.
  3. How does the City of Providence spend most of its money? List in descending numerical order
  4. What are the significant accounting policies used by the City of Providence?

B. Go to the Annual Report, Consolidated Financial Statements and Federal Form 990 for a charitable organization of your choice and answer the following questions:

1. What are the sources of revenues for Habitat for Humanity? List in descending numerical order.

  1. How does Habitat for Humanity spend most of its money? List in descending numerical order.
  2. What are the significant accounting policies used by Habitat for Humanity?
  1. Briefly comment on the extent of information shown on Federal Form 990. Why

do you believe such information is required? In particular, what is listed in Part VII?