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    Trina Aquino
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    This document summarizes a lesson on financial statements for government and non-profit organizations. The lesson covered what makes government financial statements unique, including the presentation of budget information. It also discussed how government entities should present cash flows from operating activities using the direct method, showing major classes of cash receipts and payments. The document includes sample test questions to check understanding of the material presented.

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    ACC 111 #22

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    This document summarizes a lesson on financial statements for government and non-profit organizations. The lesson covered what makes government financial statements unique, including the presentation of budget information. It also discussed how government entities should present cash flows from operating activities using the direct method, showing major classes of cash receipts and payments. The document includes sample test questions to check understanding of the material presented.

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    © All Rights Reserved
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    24 views1 page

    Acc 111 #22

    Uploaded by

    Trina Aquino
    This document summarizes a lesson on financial statements for government and non-profit organizations. The lesson covered what makes government financial statements unique, including the presentation of budget information. It also discussed how government entities should present cash flows from operating activities using the direct method, showing major classes of cash receipts and payments. The document includes sample test questions to check understanding of the material presented.

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    © All Rights Reserved
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    ACC 111: ACCOUNTING FOR GOVERNMENT AND NON-PROFIT ORGANIZATION

    SAS #22

    TRINA DELA RAMA


    4BSMA-C2-2 TUESDAY 1:30-3:30PM

    LESSON TITLE: FINANCIAL STATEMENTS PART 2


    ACTIVITY 1: QUESTIONS: ACTIVITY 4: WHAT I LEARNED
    WHAT I KNOW
    .What makes financial The presentation of budget information in the financial
    statement unique to statements.
    government entities?
    How should Operating Activities – cash flows from (used in) operating
    government entities activities are presented using the Direct Method. Under this
    present cash flows method, major classes of gross cash receipts and gross cash
    from operating payments are presented.
    activities? Investing and Financing Activities – cash flows from (used
    in) investing and financing activities are also presented
    according to major classes of gross cash receipts and gross
    cash payments.

    ACTIVITY 3: SKILL-BUILDING ACTIVITY


    1. TRUE
    2. TRUE
    3. FALSE
    4. FALSE
    5. TRUE
    6. TRUE
    7. TRUE
    8. TRUE
    9. FALSE
    10. TRUE
    ACTIVITY 5: CHECK FOR UNDERSTANDING
    1. B
    2. C
    3. B
    4. B
    5. B
    6. C
    7. C
    8. A
    9. D
    10. A

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