Chapter 13 Accounting for Legal Reorganizations and Liquidations Learning Objective 1 Describe the history and current status

us of bankruptcy and bankruptcy laws. Learning Objective 2 Explain the difference between a voluntary and involuntary bankruptcy. Learning Objective 3 Identify the various types of creditors as they are labeled during a bankruptcy. Learning Objective 4 Describe the difference between a Chapter 7 bankruptcy and a Chapter 11 bankruptcy. Learning Objective 5 Account for a company as it enters bankruptcy. Learning Objective 6 Account for the liquidation of a company in bankruptcy. Learning Objective 7 List the provisions that are often found in a bankruptcy reorganization plan. Learning Objective 8 Account for a company as it moves through reorganization. Learning Objective 9 Describe the financial reporting for a company that successfully exits bankruptcy as a reorganized entity. Chapter 16 Accounting for State and Local Governments (Part 1) Learning Objective 1 Explain the history of and the reasons for the unique characteristics of the financial statements produced by state and local governments. Learning Objective 2 Differentiate between the two sets of financial statements produced by state and local governments. Learning Objective 3- Understand the reason that fund accounting has traditionally been such a prominent factor in the internal recording of state and local governments. Learning Objective 4- Identify the three fund types and the individual fund categories within each. Learning Objective 5 Understand the basic structure of government-wide financial statements and fund financial statements (as produced for the governmental funds).

Learning Objective 6 Record the passage of a budget as well as subsequent encumbrances and expenditures. Learning Objective 7 Understand the reporting of capital assets, supplies, and prepaid expenses by a state or local government. Learning Objective 8 Determine the proper timing for the recognition of revenues from non-exchange transactions. Learning Objective 9 Account for the issuance of long-term bonds and the reporting of special assessment projects. Learning Objective 10 record the various types of monetary transfers that occur within the funds of a state or local government. Chapter 17 Accounting for State and Local Governments (Part 2) Learning Objective 1 Account for lease contracts where the sate or local government finds itself as either lessor or lessee. Learning Objective 2 Recognize the liability caused by the eventual closure and postclosure costs of operating a solid waste landfill as well as for the compensated absences earned by government employees. Learning Objective 3 Record the donation and acquisition of works of art and historical treasures. Learning Objective 4 Explain the reporting and possible depreciation of infrastructure assets. Learning Objective 5 Understand the composition of a state or local governments comprehensive annual financial report (CAFR). Learning Objective 6 Explain the makeup of a primary government and its relationship to component units. Learning Objective 7 Understand the physical structure of a complete set of government-wide financial statements and a complete set of fund financial statements. Learning Objective 8 Prepare financial statements for a public college or university. Chapter 18 Accounting and Reporting for Private Not-for-Profit Organizations

Learning Objective 1 Understand the basic composition of the financial statements produced for a private not-for-profit organization. Learning Objective 2- Determine the proper classification for assets that are unrestricted, temporarily restricted, or permanently restricted and explain the method of reporting these categories. Learning Objective 3 Explain the purpose and the construction of a statement of functional expenses. Learning Objective 4 report the various types of contributions that a private not-for-profit organization can receive. Learning Objective 5- Understand the impact of a tax-exempt status. Learning Objective 6 Account for both mergers and acquisitions of not-forprofit organizations. Learning Objective 7 Describe the unique aspects of accounting for health care organizations.