Financial Statements Of The State Of California

b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4 sentences. 1.0 points)

A capital expenditure is an amount spent to acquire or improve a long-term asset such as equipment or buildings. Usually the cost is recorded in an account classified as Property, Plant and Equipment. The cost (except for the cost of land) will then be charged to depreciation expense over the useful life of the asset.

This memo is to serve as description of how the economy can impact projections related to revenues and expenditures in regards to the city budget. Several examples will be provided including explanations on why these items can have a tumultuous effect on the city budget. These examples include the effect property taxes and income taxes had on our fiscal stability as well as how even with proper accounting and financial reporting, the budget still fell victim to the economy.

b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4 sentences. 1.0 points)

NOTE: In addition to the in-chapter and end-of-chapter exercises which serve as short cases you will find the following short cases arranged by course title that can also be utilized as short cases that require the student to access the authoritative literature to address the issue presented in the case. Solutions to the cases below are available to instructors on the Weirich Accounting & Auditing Research 8e instructor website at www.wiley.com/college/weirich. Other excellent sources of longer and more detailed cases include the Deloitte Trueblood cases and cases provided by various other firms.

The Comprehensive Annual Financial Report (CAFR) that our team chose to analyze is for the State of Ohio. The CAFR is for the fiscal year that ended June 30, 2006. The information that was reviewed for the CAFR budget analysis was: the population, the State of Ohio’s governmental structure, the size of the budget and its interrelationship with the CAFR, major industries located in the entity, and other pertinent demographic information.

ii) There are five level one headings in this table, which are: real sector, fiscal sector, financial sector, external sector, and

As an international student, I came to America last summer. It was my first time to the United States, and Virginia was my first stop. After studying and living in this beautiful state for nearly half a year, I find that the longer time I live here, the more I want to know about it. Hence, I choose Virginia as the topic of my CAFR analysis paper to take a deep look at it. The main purpose of my paper is to discuss the economy, budget and give an analysis to the overall financial condition of Virginia. The CAFR is for the fiscal year ended June 30, 2015.

Question The following are key terms in Chapter 7 that relate accounting for the business-type activities of state and local governments:

Palomar Health is one of the largest health care districts located in California around San Diego Counties. Palomar Health operates three hospitals, in addition to home health care, surgery, skilled nursing, ambulatory care, behavioral health services, wound care, and community health education programs. This paper will analyze Palomar Health’s financial statement from fiscal years following 2012 to 2015. An in dept analysis of the Consolidated Statement of revenue, expenses, and changes in net position will be examined to better understand the organizations standings of their financial outcomes for those following years (McIntosh L. 2015).

Based on the letter of transmittal some of the most significant changes in financial conditions are the growth of property and sales tax revenue. These two areas not only had growth for the 2013-2014 fiscal year but are expected to have greater growth for the 2014-2015 fiscal year. Secured property tax revenues grew 3.5% in the 2013-2014 fiscal year and are expected to increase about 5% for the next fiscal year. Also the sales tax revenue grew by 2.8% and they estimate it will grow by an additional 3% for the next fiscal year. Another issue that affects the financial condition of the City of Bakersfield is the higher retirement costs that will increase due to the changes in California Public Employees’ Retirement System’s (CalPERS). They City has been setting funds aside to be able to cover the cost when the full implementation

The paper is an analysis of the financial report prepared by the County of Santa Barbara. The financial report contains all the details containing its financial activities for the year ended June 30 2015. The financial report has been prepared in accordance with the laws as established by the state of California which require counties to submit a financial report for each financial year. The current condition of the economy is further discussed using some tools that give additional details about the financial report. In the accounts are some of fiscal issues that may arise. However, for the sake of this essay, only three issues have been picked for further evaluation. The issues picked for evaluation are of concern to the public and governments at both national and regional levels. Santa Barbara County has witnessed economic growth in the last five years in sectors such as real estate and tourism. Per the financial report, the future looks bright of the county and its residents. The federal government is an interested party in the development agenda of the counties and the role it plays in these activities of the regions is also evaluated.

The intention of this research paper is to further understand the financial statement of four distinct hospitals located in the San Diego, California County. An analysis of the financial report for Sharp HealthCare, Scripps Health, Tri-City HealthCare, and Palomar Health will be briefly discussed individually on each important financial outcome’s Such as: assets, liabilities, revenue, expenses, hospital debt, and investments. To analyze further, a break down between the hospitals assets, liabilities, and revenue will be compared in the paper.

Intergovernmental revenue is helpful in producing and maintaining a balanced budget. Although there are negative aspects relating to intergovernmental revenue such as uncertainty, competition for funds and delays in funding, one must remember that there are positive aspects as well. The positive aspects are less restricted revenue, powerful coalitions and perks for educational funding. Intergovernmental revenue will remain a part of local government funding for the foreseeable

Based on the financial ratios given, this section will compare and contrast the financial strengths of Company X and Company Y in order to suggest Tringale Ltd to take decision regarding which of the above companies to chose for investment. This section provides comments on financial performance areas based on the data given, and presents report to the Board of Directors of Tringale Ltd by recommending which of the two investment opportunities is better.