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Study sets matching "college accounting universities"

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Study sets matching "college accounting universities"

9 terms
Chapter 15: Accounting for Colleges and Universities
Annuity Agreements
Collections
Endowments
Permanent Endowments
Assets given to an organization subject to an agreement that…
Works of art, historical treasures, or similar assets that ar…
A gift whose principal must be maintained inviolate but whose…
Gifts for which donors or other external agencies have stated…
Annuity Agreements
Assets given to an organization subject to an agreement that…
Collections
Works of art, historical treasures, or similar assets that ar…
48 terms
Chapter 15- Accounting for Colleges and Universities
Private colleges and universities use…
Public colleges and universities use w…
Statement of net position for public c…
Statement of financial position for pr…
FASB ASC
The GASB
1. Net investment in capital assets... 2. Restricted... 3. Unrest…
1. Unrestricted... 2. Temporarily restricted... 3. Permanently re…
Private colleges and universities use…
FASB ASC
Public colleges and universities use w…
The GASB
24 terms
Chapter 15~ "Accounting for Colleges & Universities" (407)
State educational appropriations recei…
Tuition scholarships for which there i…
Culver City College, a public college,…
Which of the following items would not…
D) Nonoperating revenue.
B) Reductions of gross revenue to arrive at net revenue.
C) Choice A.
A) Deferred revenues.
State educational appropriations recei…
D) Nonoperating revenue.
Tuition scholarships for which there i…
B) Reductions of gross revenue to arrive at net revenue.
27 terms
Govt. Ch. 11 - College & University Accounting
FASB
GASB
National Association of College and Un…
required statements: Private not-for-p…
Private not-for-profit & investor-owned
public government-owned
helped evolve accounting standards for colleges/universities…
- statement of financial position... - statement of activities (…
FASB
Private not-for-profit & investor-owned
GASB
public government-owned
26 terms
College and Universities
Hanover College
Notre Dame
Purdue
Indiana University
Location-Near the banks of the Ohio River. ... Mascot- Panthers…
Location- South Bend... Mascot- Fighting Irish... Facts- Colors are…
Location- Lafayette ... Mascot- Boilermakers... Facts- Black and go…
Location- Bloomington... Mascots- Hoosiers... Facts- 76% Acceptance…
Hanover College
Location-Near the banks of the Ohio River. ... Mascot- Panthers…
Notre Dame
Location- South Bend... Mascot- Fighting Irish... Facts- Colors are…
45 terms
CH - 9 Accounting for Special-Purpose Entities, Including Public Colleges and Universities
Which of the following is an example o…
Which of the following is not an examp…
Which of the following would not be co…
Which of the following statements is t…
B) Park district
A) Village government
D) A county board of supervisors.
C) Special-purpose governments that are engaged in a single g…
Which of the following is an example o…
B) Park district
Which of the following is not an examp…
A) Village government
45 terms
CH - 9 Accounting for Special-Purpose Entities, Including Public Colleges and Universities
Which of the following is an example o…
Which of the following is not an examp…
Which of the following would not be co…
Which of the following statements is t…
B) Park district
A) Village government
D) A county board of supervisors.
C) Special-purpose governments that are engaged in a single g…
Which of the following is an example o…
B) Park district
Which of the following is not an examp…
A) Village government
8 terms
Universities & Colleges
University of Washington
University of North Carolina—​Chapel H…
Columbia University
Alabama State University
• Top 3 in social work... • 55% acceptance rate... • ACT: 24-30... • S…
...
...
...
University of Washington
• Top 3 in social work... • 55% acceptance rate... • ACT: 24-30... • S…
University of North Carolina—​Chapel H…
...
14 terms
Colleges and Universities
Baylor University
Rice University
Sourthern Methodist University
Texas Tech University
Waco, Texas
Houston, Texas
Dallas, Texas
Lubbock, Texas
Baylor University
Waco, Texas
Rice University
Houston, Texas
17 terms
Colleges and Universities
List the F/S for a NFP College/Univers…
List the F/S for a Public College/Univ…
NFP College/University "Equity"
Public College/University "Equity"
1. Balance Sheet... 2. Statement of Activities... 3. Statement of C…
1. Statement of Net Position... 2. Statement of Revenues, Expens…
-Unrestricted Net Assets... -Temporarily Restricted Net Assets... -…
-Net Investment in Capital Assets ... -Restricted Net Position... -…
List the F/S for a NFP College/Univers…
1. Balance Sheet... 2. Statement of Activities... 3. Statement of C…
List the F/S for a Public College/Univ…
1. Statement of Net Position... 2. Statement of Revenues, Expens…
27 terms
College/University
FreshMan
Sophomore
Junior
Senior
Typically a First Year Student
Typically a Second Year Student
Typically a Third Year Student
Typically a Forth Year Student
FreshMan
Typically a First Year Student
Sophomore
Typically a Second Year Student
28 terms
College/University
Accerditation
Freshman
Sophomore
Junior
An endorsement given to educational institutions or academic…
Typically a first year student
Typically a second year student
Typically a third year student
Accerditation
An endorsement given to educational institutions or academic…
Freshman
Typically a first year student
18 terms
University College
Tenure
Long term goals
short term goals
intermediate goals
Professors staying to research
4
1
right now
Tenure
Professors staying to research
Long term goals
4
74 terms
University College
Spheres of influence
Diversity
Cognitive diversity
Social identity
Learner, campus, local, national, global
what makes us unique that includes background, personality, l…
blending of perspectives w/ in a team
how people develop a sense of membership
Spheres of influence
Learner, campus, local, national, global
Diversity
what makes us unique that includes background, personality, l…
16 terms
College. University
académie (de)
universiteit (de)
faculteit (de)
student (de)
academy
university
faculty (section)
student (masc.)
académie (de)
academy
universiteit (de)
university
46 terms
College and university
halls of residence
administration building
art faculty building
great hall
akademiki
budynki administracji
katedra/wydział
aula
halls of residence
akademiki
administration building
budynki administracji
35 terms
College Accounting
Account Payable
Account Receivable
Accounting Cycle
Accrual Basis Accounting
The liability created by the purchase on account
A claim against the customer created by selling merchandise o…
The process that begins with analyzing and journalizing trans…
Under this basis of accounting, revenues and expenses are rep…
Account Payable
The liability created by the purchase on account
Account Receivable
A claim against the customer created by selling merchandise o…
36 terms
University and College
How many universities are in Ontario?
How much do universities cost per year…
How much do universities cost per year…
How much do universities cost per year…
21
$16,000-$20,000
$60,000
$40,000
How many universities are in Ontario?
21
How much do universities cost per year…
$16,000-$20,000
15 terms
Central College - Our Universe
Galaxy
Star
Universe
Solar system
A system of millions or billions of stars, together with gas…
A fixed luminous point in the night sky which is a large, rem…
All existing matter and space considered as a whole.
The collection of eight planets and their moons in orbit roun…
Galaxy
A system of millions or billions of stars, together with gas…
Star
A fixed luminous point in the night sky which is a large, rem…
55 terms
College Accounting-Chapter 1
Accounting
Accounting and Information Systems Fun…
Accounting Equation
Accrual Basis of Accounting
The information infrastructure of the firm, economy that perm…
The function that is responsible for providing useful informa…
Assets=Liabilities+Owners Equity
A system in which income is measured as the difference betwee…
Accounting
The information infrastructure of the firm, economy that perm…
Accounting and Information Systems Fun…
The function that is responsible for providing useful informa…
29 terms
college accounting
chart of accounts
credit
debit
normal balance
an accounting device used to analyze transactions
an amount recorded on the left side of the T-account
an amount recorded on the right side of a t-account
the side of the account that is increased
chart of accounts
an accounting device used to analyze transactions
credit
an amount recorded on the left side of the T-account
26 terms
College Accounting-Chapter 4
Depreciation
Indirect Labor
Incremental Revenue
Product Cost
The cost of a long-term asset spread over the period the asse…
The cost of production employees who do not physically manufa…
The additional revenue associated with an alternative.
A cost that is incurred to obtain or manufacture a product.
Depreciation
The cost of a long-term asset spread over the period the asse…
Indirect Labor
The cost of production employees who do not physically manufa…
20 terms
College and University Terms
Academic Advisor
Associate's degree
Bachelor's degree
Course Number
(n) a person who helps students make decisions about their ac…
An undergraduate academic degree awarded by colleges upon com…
An academic degree which usually takes four years to earn and…
Specific number that identifies the level of a college course…
Academic Advisor
(n) a person who helps students make decisions about their ac…
Associate's degree
An undergraduate academic degree awarded by colleges upon com…
38 terms
College and University: the UK system
Halls of residence
Administration
Faculty
Student Union
a college building where students live
the main offices of the university, often shortened to admin'
a group of departments or schools in a college which speciali…
a building specially used by students to meet socially; the t…
Halls of residence
a college building where students live
Administration
the main offices of the university, often shortened to admin'
38 terms
College and University: the UK system
Halls of residence
Administration
Faculty
Student Union
a college building where students live
the main offices of the university, often shortened to admin'
a group of departments or schools in a college which speciali…
a building specially used by students to meet socially; the t…
Halls of residence
a college building where students live
Administration
the main offices of the university, often shortened to admin'
35 terms
College accounting
Accounting
Service business
Merchandising business
Manufacturing business
An info system that provides reports to users about the econo…
Provides service rather than product
Sell products they purchase from other businesses
Change basic inputs into products that are sold to consumers
Accounting
An info system that provides reports to users about the econo…
Service business
Provides service rather than product
50 terms
U.S. Colleges & Universities
Princeton University
Harvard University
Yale University
Columbia University
Private Ivy League research university in Princeton, New Jers…
Private Ivy League research university in Cambridge, Massachu…
private Ivy League research university in New Haven, Connecti…
private, Ivy League, research university in Upper Manhattan,…
Princeton University
Private Ivy League research university in Princeton, New Jers…
Harvard University
Private Ivy League research university in Cambridge, Massachu…
20 terms
West Virginia Colleges and Universities - Mascots
Alderson-Broaddus
Appalachian Bible
Bethany College
Bluefield State
Battlers
Warriors
Bison
Big Blues
Alderson-Broaddus
Battlers
Appalachian Bible
Warriors
28 terms
University Accounting
Debit: Expense... Credit: Accounts Receiv…
No revenue effect
Debit: Revenue Reduction (contra accou…
Has revenue effect
Form of student aid where the student is expected to provide…
Form of student aid where the student is expected to provide…
Form of student aid where the student received tuition discou…
Form of student aid where the student received tuition discou…
Debit: Expense... Credit: Accounts Receiv…
Form of student aid where the student is expected to provide…
No revenue effect
Form of student aid where the student is expected to provide…
8 terms
College Accounting
Measurement Principle (Cost Principle)
Revenue Recognition Principle
Matching Principle (Expense Recognition)
Full Disclosure Principle
Information is based on actual cost. You have to record the a…
Provides guidance on when a company must recognize revenue. Y…
Prescribes that a company must record its expenses incurred t…
Requires a company to report the details behind financial sta…
Measurement Principle (Cost Principle)
Information is based on actual cost. You have to record the a…
Revenue Recognition Principle
Provides guidance on when a company must recognize revenue. Y…
20 terms
West Virginia Colleges and Universities - location
West Virginia University
Alderson - Broaddus
West Virginia State University
Concord University
Morgantown
Philippi
Institute
Athens
West Virginia University
Morgantown
Alderson - Broaddus
Philippi
19 terms
college accounting
ownership types
sole proprietorship
partnership
corporation
sole proprietorship, corporation, partnership
one owner, owner assumes all risks, owner makes all decisions
two or more owners, partners share risks, partners may disagr…
stockholders, stockholders have limited risk, stockholders ma…
ownership types
sole proprietorship, corporation, partnership
sole proprietorship
one owner, owner assumes all risks, owner makes all decisions
19 terms
(6) Colleges and Universities
Colleges and universities use their ow…
Tuition Revenues
Note:
Tuition Revenues - Examples
The following summary highlights the major sections of the st…
Shown at net of scholarship allowances and uncollectible amou…
Misconception: Scholarship allowances and scholarships are no…
Students at Maplewood College register for classes for which…
Colleges and universities use their ow…
The following summary highlights the major sections of the st…
Tuition Revenues
Shown at net of scholarship allowances and uncollectible amou…
31 terms
College accounting
Account balance
Account
Account title
Accounting
The difference between the increases and decreases in an acco…
A record that summarizes all the transactions pertaining to a…
The name given to an account
The process of planning, recording, analyzing, and interpreti…
Account balance
The difference between the increases and decreases in an acco…
Account
A record that summarizes all the transactions pertaining to a…
20 terms
College Accounting
debits
credits
Closing
payroll
- cash in bank... - accounts receivable ... - supplies... -withdrawals…
- accounts payable... - any payable account... -capital
Revenues... income summary... expenses ... income summary... income sum…
overtime- 1.5
debits
- cash in bank... - accounts receivable ... - supplies... -withdrawals…
credits
- accounts payable... - any payable account... -capital
25 terms
Community College and University Readiness
Bachelors
Associates Degree
Bachelor's Degree
University
Long term training, An academic degree which usually takes fo…
2 years typically to get certificate/license (Community Colle…
4 years - attend a university
A university is composed of undergraduate, graduate, and prof…
Bachelors
Long term training, An academic degree which usually takes fo…
Associates Degree
2 years typically to get certificate/license (Community Colle…
14 terms
College accounting
Accouting cycle**
Accounting period
Source documents
How to analyze business transactions
Accounting cycle is a process whereby transactions are identi…
Represents a period of time and financial measurement for a b…
Identify and describe transactions and events entering accoun…
1) identify accounts affected ... 2) classify/ analyze accounts…
Accouting cycle**
Accounting cycle is a process whereby transactions are identi…
Accounting period
Represents a period of time and financial measurement for a b…
17 terms
College accounting
accounting
accounting system
auditing
auditor report
the procces by which financial info about a business is recor…
a process de4signed to accumulate financial data
the review of financial statements
indepdendent accountants review of finanical statemnets
accounting
the procces by which financial info about a business is recor…
accounting system
a process de4signed to accumulate financial data
42 terms
College Accounting
B. Restaurant
C. A new accounting principle can be a…
Owners Equity is INCREASED
How does receiving a bill to be paid n…
Not Normally a service business
NOT true about the accounting principles
B. Revenue
D. Liabilities INCREASE,... Owners Equity DECREASE
B. Restaurant
Not Normally a service business
C. A new accounting principle can be a…
NOT true about the accounting principles
9 terms
College Accounting-Chapter 3
balance
credit
credit balance
debit
the difference between the footings of an account.
to enter an amount on the right side of an account.
the normal balance of liability, owner's equity, and revenue…
to enter an amount on the left side of an account.
balance
the difference between the footings of an account.
credit
to enter an amount on the right side of an account.
8 terms
acc 463 chap 9 Accounting for Special Purpose Entities, Including Public Colleges and Universities
General Purpose Governments include:…
If special entity is engaged in govern…
If the entity is engaged in single gov…
Public Colleges and Universities are o…
States, counties, cities, towns, and villages.... Fire protect…
and report both fund basis and government-wide financial stat…
prepare governmental fund, government-wide statements, and re…
by a government ... - typically a state government. ... Public Col…
General Purpose Governments include:…
States, counties, cities, towns, and villages.... Fire protect…
If special entity is engaged in govern…
and report both fund basis and government-wide financial stat…
78 terms
Studying at college / university
course outline
group discussion
handout
written work
فصل
مجموعة بحث
صدفة
عمل مكتوب
course outline
فصل
group discussion
مجموعة بحث
30 terms
College Accounting
Accounts Payable
Accounts Receivable
Assets
Liabilities
A liability account used for short term obligation or change…
An account used to record the amounts due from charge customers
cash, properties, and other things of value owned by an econo…
debts or amounts owed to creditors
Accounts Payable
A liability account used for short term obligation or change…
Accounts Receivable
An account used to record the amounts due from charge customers
24 terms
College Accounting--Chapter 7
A place where the results of events af…
The time period between financial stat…
Completed after adjusting entries have…
An internal entry made to adjust the a…
Account
Accounting Cycle
Adjusted trial balance
Adjusting entry
A place where the results of events af…
Account
The time period between financial stat…
Accounting Cycle
8 terms
6- Colleges and universities
2 types of colleges and universities f…
Major sources of revenue?
Auxiliary enterprises?
Treatment for auxiliary revs and exp?
Public-GASB... Not for profit-FASB
Tuition... Grants... Auxiliary... Contributions... Investment
Activities carried on by the educational institution but not…
Revenues aggregated and presented in one line... Expenses aggreg…
2 types of colleges and universities f…
Public-GASB... Not for profit-FASB
Major sources of revenue?
Tuition... Grants... Auxiliary... Contributions... Investment
6 terms
Chapter 13: Colleges and Universities
student-aid
scholarships
quasi endowment fund
permanent endowment
- money intended to help pay educational expenses at a colleg…
- a financial aid award for a student to further education... -…
- a fund maintained to account for assets to be retained and…
- a sum of cash, investments, or other assets, generally rece…
student-aid
- money intended to help pay educational expenses at a colleg…
scholarships
- a financial aid award for a student to further education... -…
21 terms
3. School. College. University
higher education
complete (his) education
take the exam
pass the exam
высшее образование
завершить, закончить (своё) образование
сдавать экзамен
сдать экзамен
higher education
высшее образование
complete (his) education
завершить, закончить (своё) образование
17 terms
4. School, college, university
an undergraduate student
a postgraduate student
learn by heart
write the essay
студент, еще не имеющий научной степени
студент, имеющий степень бакалавра и продолжающий обучение
учись наизусть
написать эссе
an undergraduate student
студент, еще не имеющий научной степени
a postgraduate student
студент, имеющий степень бакалавра и продолжающий обучение
20 terms
Universities and Colleges founded
Alcorn State University founded
Belhaven College founded
Blue Mountain College founded
Delta State University founded
1871
1883
1873
1924
Alcorn State University founded
1871
Belhaven College founded
1883
21 terms
Mississippi's Colleges and Universities
Mississippi College in Clinton
University of Mississippi in Oxford
University of Mississippi Law School i…
Rust College in Holly Springs
1826; Mississippi College is a Christian university located i…
1844; the Mississippi Legislature laid the foundation for pub…
1854; became the fourth state-supported law school. The state…
1866; established by the Freedman's Aid Society of the Method…
Mississippi College in Clinton
1826; Mississippi College is a Christian university located i…
University of Mississippi in Oxford
1844; the Mississippi Legislature laid the foundation for pub…
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