Government and not-for-profit Accounting

Report: FinancialAnalysis-dispute

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FinancialAnalysis-dispute

by Lakesha Bryant

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7,183 1,065 61 4 min 15 sec 8 min 11 sec

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76

This text scores better than 76%

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47 Issues left

11

Critical

36

Advanced

Plagiarism

41 %

6 sources

41% of your text matches 6 sources on the web

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Report: FinancialAnalysis-dispute

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Writing Issues

Unique Words 33%

Measures vocabulary diversity by calculating the

percentage of words used only once in your

document

unique words

21 Engagement

21 Word choice

15 Correctness

3 Punctuation in compound/complex

sentences

1 Incorrect noun number

2 Wrong or missing prepositions

1 Incorrect verb forms

1 Faulty subject-verb agreement

3 Determiner use (a/an/the/this, etc.)

1 Comma misuse within clauses

1 Pronoun use

1 Confused words

1 Text inconsistencies

11 Clarity

6 Passive voice misuse

1 Intricate text

1 Wordy sentences

3 Hard-to-read text

Report: FinancialAnalysis-dispute

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Rare Words 38%

Measures depth of vocabulary by identifying words

that are not among the 5,000 most common English

words.

rare words

Word Length 5.5

Measures average word length characters per word

Sentence Length 17.5

Measures average sentence length words per sentence

Report: FinancialAnalysis-dispute

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48

FinancialAnalysis-dispute

Non-Pro�t Organization Financial Reporting Review 6

Running head: Non-Pro�t Organization Financial Reporting Review 1

Title

Name

Professor

Date

Name of Institution

Arkansas nonpro�t alliance is the not for pro�t organization that I chose; I

reviewed their �nancial and audit report for the year 2014. Both the �nancial

and the annual statement are available in their active website

http://www.arkansasnonpro�ts.org/about/annual-reporting/.

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Report: FinancialAnalysis-dispute

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The statement of �nancial position conforms with the FASB standards as it

shows the current assets, liabilities and the net assets of this not for pro�t

organization. It also further shows the speci�c date at which the �nancial state

of the organization was at that point. Statement of the activities also conforms

to FASB standards as it reports the revenue, expenses and changes in assets of

the organization. It reports the changes in net assets through identi�cation of

the unrestricted and the temporarily restricted assets(FASB, 1993).

Cash �ow statement of Arkansas nonpro�t alliance for the year ending June 30,

2014, also conforms to the FASB guidance on the creation of this type of

statement. The statement shows the amount of cash used in investing

activities such as acquiring of �xed assets and reinvestment of interest earned

on a certi�cate of deposit. Operating cost of this not for pro�t organization

follows FASB stipulation as it shows all the items not include in �nancing and

investing activities.

Unrestricted assets are the assets by the donor with no restrictions and thus,

can be used by the organization without adhering to certain regulations

imposed by the donor. Temporarily restricted assets in the organization

represent the unspent contributions restricted by the donor or the awarding

agency to be used for a certain period or a particular purpose. Permanently

restricted assets are not found in this organization, but they include

contributions an organization is supposed to hold in perpetuity(Teece, 2004).

The Arkansas nonpro�t alliance organization cash �ow statement contains the

cash �ow from operative activities and the cash �ow for investing activities.

Cash �ow statements show how companies and organization have performed

in managing cash in�ows and cash out�ows over a given period. The cash

in�ows from operating activities in Arkansas Nonpro�t Alliance for the year

ending June 30, 2014, shows a tremendous increase in cash �ow as compared

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to the previous year. This operating statement is positive, and this cash �ow is

important as it enables the company to meet funding requirements and

contribute to long-term projects and is unlikely to face liquidity problems in the

coming year.

Cash out�ows in this not for pro�t organization through investing also

improved but the little amount was used and thus despite investing the

company still has cash to meet shareholder obligations and expenditure

necessary for the smooth running of the organization.

An indirect format is used by this not for pro�t organization since the net

income �gure obtained by the income statement is used in the calculation of

net income �ow from operating activities. Arkansas nonpro�t alliance

statement differs from GAAP accounting format regarding listing equity in the

balance sheet. GAAP format lists the stockholders equity while this format

ignores this type of listing and thus the net worth of this organization is not

easy to quantify.

Arkansas nonpro�t alliance recognizes contributions when the donor makes a

promise to give it to the organizational unconditionally. All donor-restricted

contributed are reported as increases in temporarily or permanently restricted

net assets depending on the nature of the restriction. The organization listed

the contributions and pledges in the statement of activities as revenues for the

given �nancial year as stipulated by the FASB guidelines. Exchange

transactions are not well de�ned since the transactions from the statement of

activities do not show details of the people or organizations funding the not for

pro�t organization. However, the restricted transactions could form part of the

exchange transactions since the donor could be specifying the time and other

issues to be part of the agreement and also adhering. In this case, the grants

that are temporarily restricted from government and foundations forms the

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exchange transactions. The two transactions are therefore different in that

contributions can either be restricted or not while exchange transactions come

with terms which must be met by the organization.

The �scal condition is the ability of an organization to meet it �nancial and

service obligations. An organization which meets these needs is said to be in

good �scal condition while that which does not is likely to experience problems

in running of its operations. Ratios provide useful information about an

organization through revealing information about debt accumulation and

stockpiling of too much inventory. The current ratio is a liquidity ratio

calculated by dividing current assets by the current liabilities of the company.

The ratio obtained from this indicates the company uses its capital very

through project investment and deposit earning, but the Arkansas nonpro�t

alliance still needs to settle off their liabilities. Another liquidity ratio is the

quick ratio which measures the ability of a company to access �nances on

emergency demands. The ratio obtained here is high indicating Arkansas

nonpro�t organization has enough capital that can be important in dealing with

emergency cash demand(Commttee, 2013).

From these �nancial ratios, we can conclude that this organization can be

stable if it can meet its obligations but needs to reduce the liabilities by taking

either a long-term loan to repay short-term debt.

The fundraising analysis measures the cost of generating cash through

contributions. Programs were allocated costs, and they are summarized on a

functional basis in the statement of activities. This organization data thus

makes it dif�cult to calculate its fundraising ef�ciency. Contributions received

by donors and well-wishers' are classi�ed based on restrictions associated

with them and also the date kind contributors are re�ected by the date of

contribution

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Grants received by this organization are dependent on three foundations and

two government agencies and provides 78% of support to the organization. This

dependency means withdrawal of these grants can lead to organization laying

off some staff or discontinuing some services it offered.

References

Commttee, B. (2013). Basel III: The Liquidity Coverage Ratio and liquidity risk

monitoring tools. Basel Committee on Banking Supervision, (January), 1–75.

FASB. (1993). Statement of Financial Accounting Standards No. 115,

Accounting for Certain Investments in Debt and Equity Securities. Financial

Accounting Standards Board: Norwalk, Connecticut.

Teece, D. J. (2004). Knowledge and competence as strategic assets. Handbook

on Knowledge Management 1: Knowledge Matters, 40(3), 129–152.

Report: FinancialAnalysis-dispute

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http://doi.org/http://dx.doi.org/10.1007/978-3-540-24746-3_7

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1. Non-Pro�t; nonpro�t Text Inconsistencies Correctness

2. Word Choice Engagement

3. Word Choice Engagement

4. Punctuation in

Compound/Complex Sentences

Correctness

5. Word Choice Engagement

6. Comma Misuse within Clauses Correctness

7. Word Choice Engagement

8. Determiner Use (a/an/the/this,

etc.)

Correctness

9. Word Choice Engagement

10. Wrong or Missing Prepositions Correctness

11. Incorrect Verb Forms Correctness

12. Word Choice Engagement

13. be used Passive Voice Misuse Clarity

14. alliance organization cash �ow statement Intricate Text Clarity

15. Word Choice Engagement

16. This operating statement is positive, and this cash

�ow is important as it enables the company to

meet funding requirements and contribute to long-

term projects and is unlikely to face liquidity

problems in the coming year.

Hard-to-read text Clarity

17. Word Choice Engagement

18. Determiner Use (a/an/the/this, Correctness

�nancial → commercial, economic, business

active → existing, mobile

, and

shows → indicates

, and

reports → says, indicates, details, states

the identi�cation

statement → account, report

of

include → included

certain → speci�c

important → essential, crucial, vital

investing → spending

the cash

Report: FinancialAnalysis-dispute

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etc.)

19. Cash out�ows in this not for pro�t organization

through investing also improved but the little

amount was used and thus despite investing the

company still has cash to meet shareholder

obligations and expenditure necessary for the

smooth running of the organization.

Hard-to-read text Clarity

20. Punctuation in

Compound/Complex Sentences

Correctness

21. is used Passive Voice Misuse Clarity

22. Word Choice Engagement

23. Incorrect Noun Number Correctness

24. Word Choice Engagement

25. Word Choice Engagement

26. Word Choice Engagement

27. Word Choice Engagement

28. are temporarily restricted Passive Voice Misuse Clarity

29. Faulty Subject-Verb Agreement Correctness

30. Word Choice Engagement

31. Word Choice Engagement

32. Pronoun Use Correctness

33. Confused Words Correctness

34. Word Choice Engagement

35. Word Choice Engagement

, not

lists → contains

stockholders → stockholder's, stockholders'

transactions → deals, sales, purchases

statement → account, report, announcement

activities → businesses, events

transactions → sales, operations

forms → form

transactions → deals, operations, sales

restricted → limited

it → its

it → its

meets → satis�es, ful�lls, ful�lls

�scal → economic

Report: FinancialAnalysis-dispute

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36. An organization which meets these needs is said

to be in good �scal condition while that which does

not is likely to experience problems in running of

its operations.

Wordy Sentences Clarity

37. Wrong or Missing Prepositions Correctness

38. Word Choice Engagement

39. Word Choice Engagement

40. Word Choice Engagement

41. Word Choice Engagement

42. Punctuation in

Compound/Complex Sentences

Correctness

43. From these �nancial ratios, we can conclude that

this organization can be stable if it can meet its

obligations but needs to reduce the liabilities by

taking either a long-term loan to repay short-term

debt.

Hard-to-read text Clarity

44. were allocated Passive Voice Misuse Clarity

45. are summarized Passive Voice Misuse Clarity

46. Passive Voice Misuse Clarity

47. Determiner Use (a/an/the/this,

etc.)

Correctness

48. Name of Institution Arkansas nonpro�t alliance is

the not for pro�t organization that I chose; I

reviewed their �nancial and audit report for the

year 2014. Both the �nancial and the annual

statement are available in their active website

http://www.arkansasnonpro�ts.org/about/annual-

repor…

Assignment 2: Non-for-Pro�t

Financial Reporting Review ...

https://www.coursehelp.org/assig

nment-2-non-for-pro�t-�nancial-

reporting-review/

Originality

49. and expenditure necessary for the smooth running

of the

DRAFT CONSTITUTION OF

ASHANTI TENNIS CLUB

Originality

through → by

ratio → rate

current → existing

ratio → quotient

ratio → rate, quotient

, indicating

the date of contribution re�ects the date kind

contributors

the contribution

Report: FinancialAnalysis-dispute

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http://knusttennisclub.com/wp-

content/uploads/2016/06/KNUST

-CONSTITUTION-2012-

ADOPTED.pdf

50. increases in temporarily or permanently restricted

net assets depending on the nature of the

restriction. The organization listed the

contributions and pledges in the statement of

activities as revenues for the given �nancial year

as stipulated by the FASB guidelines. Exchange

transactions are no…

increases in temporarily or

permanently restricted net ...

https://www.coursehero.com/�le/

p3bj4go/increases-in-

temporarily-or-permanently-

restricted-net-assets-depending-

on-the/

Originality

51. 2013). Basel III: The Liquidity Coverage Ratio and

liquidity risk monitoring tools.

Liquidity Risk After The Crisis Originality

52. Statement of Financial Accounting Standards No.

115, Accounting for Certain Investments in Debt

and Equity Securities.

Statement of Financial

Accounting Standards No. 115

https://www.fasb.org/cs/BlobServ

er?

blobcol=urldata&blobtable=Mung

oBlobs&blobkey=id&blobwhere=1

175820923200&blobheader=appli

cation%2Fpdf

Originality

53. Teece, D. J. (2004). Knowledge and competence as

strategic assets. Handbook on Knowledge

Management 1: Knowledge Matters, 40(3), 129–

152. http://doi.org/http://dx.doi.org/10.1007/978-

3-540-24746-3_7

Talent | The Versatilist Perspective

https://versatilistperspective.blog

/tag/talent/

Originality