[goodluck2everyone]

so for statement of cash flows, let me get this straight

statement of cash flows

gaap

operating activities- interest and dividends received

investments- capital assets

governmental

investing- interest and dividends rec’d, capital assets

NFP

financing- capital assets, funds held for long term use

am I right? All of these differences are seriously confusing the hell out of me

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[misanthrope87]

I think you have it mixed up. Now you messed me up. Thanks.

B 2/12 87
A 11/11 90
R 8/11 86
F 5/12 88

[goodluck2everyone]

which part is wrong?

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[misanthrope87]

N4P – Has 3 cash flow sections like commercial accounting:

Financing Activities – Typical financing stuff. One difference is that if you receive contributions that limit the use of funds to any type of long term purpose, this will go under financing.

Investing

Sale of equipment and purchase. And other typical investing stuff.

GOVERNMENT – Has 4 sections.

1. Operating – Typical stuff.

2. Non capital Financing – Operating subsidies to help operating cash flows and transfers to and from other funds

3. Capital Financing – Buying and selling of capital assets

4. Investing – Interest and dividends.(under operating for commercial accounting and N4P)

These are all in our becker book except for the selling of capital assets part for government. But kricket cleared that up for us on another thread of mine…hey you know what I should do??? Make notes noting all differences between cash flows for the 3 different entities! lol. Good idea!

B 2/12 87
A 11/11 90
R 8/11 86
F 5/12 88

[goodluck2everyone]

so for N4P;

if we purchase property, plant, equipment it goes under investing

if we receive contributions that limit the funds to a long term purpose (such as purchasing PPE), it goes under financing?

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[misanthrope87]

Yea the treatment for N4P equipment buying and selling is the same as commercial accounting. (Made some adjustments above^^^).

N4P

It says cash received with donor-imposed restrictions limiting its use to long term purposes as increases to an endowment ( which would be permanently restricted funds), purchases of assets or annuity agreements is displayed as a financing activity.

B 2/12 87
A 11/11 90
R 8/11 86
F 5/12 88

[goodluck2everyone]

alright thanks 🙂

<3 Far and Reg

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[misanthrope87]

NP. They are beastly subjects!

B 2/12 87
A 11/11 90
R 8/11 86
F 5/12 88

[misanthrope87]

It also seems according to Wiley that for N4P: Unrestricted contributions go into the operating activity section.

B 2/12 87
A 11/11 90
R 8/11 86
F 5/12 88

[Author]

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