In this assignment , you will demonstrate your mastery of the following course outcomes :
● Analyze governmental and nonprofit accounting procedures used for the preparation of financial statements to promote accountability in financial reporting and inform decision making
● Prepare journal entries , financial statements , and supporting documentation that impact reporting for nonprofit and governmental entities using appropriate accounting standards
● Evaluate governmental and nonprofit accounting statements in determining the fiscal position of various entities using appropriate tools of the discipline
● Select accounting methods appropriate to the differentiated needs of governmental and nonprofit organizations
● Determine appropriate strategies for effectively communicating the differences between private sector , governmental , and nonprofit reporting to stakeholders
Prompt You are the accountant for a local government . Your job requires that you analyze
transactions , post to ledgers , and prepare financial statements . Using the Final Project One Case Study document and the Final Project One Student Workbook spreadsheet provided , you will prepare an accounting workbook , which includes supporting journals for governmental funds , proprietary funds , and fiduciary funds . The supporting journals will be used in preparation of the fund ’ s financial statements . You will then perform a reconciliation to prepare the government-wide financial statements for governmental activities and business activities . Finally , you will prepare a five- to seven-page informational report explaining the different funds to a taxpayer group interested in understanding the purpose of the funds .