Assignment
Write a 5 pages in length (1500-1800 words), single spaced, double spacing between paragraphs, one inch margins and a font size of 12 points. APA reference. Use the following topic as headings:
Consolidations: Transactions and Reporting
Statement of Cash Flows
Intra-Entity Asset Transactions
Other entities and consolidation issues
Joint Ventures and Joint Ownership
Income Taxes and Consolidations
Reporting and Disclosure; MD&A
Reviewing your CAFR and NFP entities:
Government and Not for Profit Accounting
Higher Education: Private and Government
Segment Reporting
Foreign Currency Transactions and Risk
Financial Reporting: SEC: IFRS
Legal Reorganizations
Liquidations
Bankruptcy
Partnerships: Transactions and Accounting
Formation, Operation, Liquation
International Corporate Social Reporting
Prepare an executive summary paper on the form 990 to include the following:
a.) a brief overview of American Cancer Society (ACS)
b.) discuss what is a form 990, what is its focus, and what it's intended to do
c.) discuss who are the form 990's intended users - who and why is the form intended for (what is not expected is a fund-by-fund accounting of figures, performance, balances, etc.).
d.) finally, compare the form 990 to a CCR or American Cancer Society annual report and discuss the different audiences/needs/users/purpose of same.
American Cancer Society (ACS)
The link to its IRS Form 990 is https://www.cancer.org/acs/groups/content/@finance/documents/image/acspc-045866.pdf