Get help from the best in academic writing.

Book Club Discussion #3

Instructions:
Please answer the following questions:
Crazy Like Us Discussion
Compare and contrast how schizophrenia is conceptualized in the United States vs. Zanzibar using at least two examples from the book.
What do you think about the fact that people with schizophrenia recover much faster in 3rd world countries than in the United States? What could be causing this?
Now think about an individual diagnosed with schizophrenia who migrates by themselves from a region with a culture similar to Zanzibar to the United States. Discuss how the individual would be viewed within the context of the United States culture and why they might need to know before coming to the USA. Should the individual seek psychiatric care in the United States? Using 2 examples from the book, discuss why or why not.

When a government acquires general fixed assets under a capital lease agreement college essay help free

When a government acquires general fixed assets under a capital lease agreement, how should the asset be recorded in the government-wide financial statements?

What is meant by a worksheet approach to a conversion and what is meant by a dual-track college essay help free

What is meant by a worksheet approach to a conversion and what is meant by a dual-track approach to recording the data?

What is included in the Required Supplementary Information Section of the college essay help free

Writing Assignment Help

What is included in the Required Supplementary Information Section of the Comprehensive Annual Financial Report?

What are the three levels of audit to which governments and not-for-profit college essay help free

What are the three levels of audit to which governments and not-for-profit organizations may be subjected and what are some differences between them?

Would budgetary accounts appear in the general purpose financial statements? college essay help free

Would budgetary accounts appear in the general purpose financial statements?

What are some differences between the cash flow statement for an enterprise fund college essay help free

What are some differences between the cash flow statement for an enterprise fund and a cash flow statement for a business? Two primary differences are that the cash flow statement for an enterprise fund has four categories while that for a business has three. Only the direct method can be used to calculate cash flow from operating activities. There other several other less important differences and you should review them in the textbook. Can you identify any?

Under GASB Standards, if a government only has six government funds and two enterprise college essay help free

Under GASB Standards, if a government only has six government funds and two enterprise funds, what is the required number of basic financial statements that it would need to prepare?

There are four basic financial statements for a for-profit business. Those statements college essay help free

There are four basic financial statements for a for-profit business.

Those statements are an income statement, a statement of owners’ equity, a balance sheet, and a cash flow statement. In contrast, the two basic financial statements for each of the governmental funds of a state or local government are a balance sheet and a statement of revenues, expenditures, and changes in fund balances. Using the General Fund of a local government as

an example, address the following. Discuss two or three of the differences of the balance sheet for that fund as compared to a balance sheet of a for-profit business. Also discuss two or three of the differences of the statement of revenues, expenditures, and changes in fund balance for that fund as compared to an income statement of a tor-profit business.

The classifications of a cash flow statement for a business are cash flow from operating college essay help free

The classifications of a cash flow statement for a business are cash flow from operating, investing and financing activities. The classifications in a cash flow statement of an enterprise fund are cash flow from operating activities, investing activities, capital and related financing activities and non-capital financing activities. Can you identify the correct classification in the cash flow statement of the following cash transactions if they were transactions of a government enterprise fund in the first column and if they were cash transactions of a business firm in the second column?

Transaction Type

Government Classification

Business Classification

Capital asset acquisition/sale

Capital debt issue/retirement

Noncapital debt issue/retirement

Interest paid on capital debt

Interest paid on noncapital debt

Receipt of investment earnings

Here is more explanation of the final exam review problem on cash flow classifications. The cash flow statement for a business organization has three classifications. There are: cash flows from operating activities, cash flows from investing activities and cash flows from financing activities. The cash flow statement for governmental organizations has four classifications. There are: cash flows from operating activities, cash flows from non-capital financing activities, cash flows from capital and related financing activities and cash flows from investing activities. The chart in the final exam problem gives you a transaction type and asks you which of the four classifications of the governmental organization’s cash flow statement would it appear in and which of the three classifications of a business cash flow statement would it appear in. Here is the solution to the first one as an example:

transaction……………government classification……………business classification

capital asset acquisition/sale…..capital and related financing…………………………… investing

See if you can choose which government cash flow statement classification and business cash flow statement classification the remaining transactions would appear in.

In considering the business classification of transactions, think of these rules when considering how to classify transactions: For operating, it is the transactions required for day to day business. Basically, if a transaction does not fall into another category, enter it in operations. Consider items that would be on the income statement for the business and those are operating activities.

For Investing activities, the owners are investing in the business and financial future of their company. Purchasing property, plant, or equipment or loaning excess funds to another business would both be investing activities. The funds received from those loans would also fall into this category. When comparing the cash flow statement to the balance sheet, look at the transactions that would fall into the long term asset grouping to get a good idea of investing activities.

For financing activities, think of lending and having to pay for financing to keep the business operational. When looking at a balance sheet, many of the transactions that would fall into the long term liability or equity categories would be considered a financing activity.

Things are a little different for government entities. Operating activities are basically the same.

When considering investing activities, though, things are a little different. Generally, any proceeds from loans or other investment earnings fall into this category. Interest and dividends from investments and payments to acquire debt or equity instruments would be investing.

There are generally two different types of financing activities: capital and non-capital. Activities in non-capital would be borrowing money or paying back loans for non-capital type transactions and repayments of principle and interest on these loans. For capital financing, it would be just the opposite: borrowing and paying back loans for capital assets and payments to purchase capital assets.

Proprietary funds are business-like activities. The accounting equation for a college essay help free

Proprietary funds are business-like activities. The accounting equation for a proprietary fund is: Current Assets + Noncurrent Assets = Current Liabilities + Long-Term Liabilities + Net Assets. What are the three categories of net assets in the equation and can you define them?

Essay Writing at Profs Only

5.0 rating based on 10,001 ratings

Rated 4.9/5
10001 review

Review This Service




Rating: