(Answered) Learning team key concepts presentationslides 5-6-7 apply

Accounting

LEARNING TEAM KEY CONCEPTS PRESENTATION

Slides 5-6-7 Apply basics of GAAP pertaining to categorizing restrictions on net assets.

Address the following:

• Examine FASB financial reporting requirements for a private college.
• Apply basics of GAAP pertaining to categorizing restrictions on net assets.
• Evaluate whether the entity is subject to the requirements of the Single Audit Act and the provisions of Office of Management and Budget
• Use Speaker Notes.

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