CC 548 Week 6 Federal Budgeting and Accounting
Review the federal budget and the budget tables for the U.S.
federal government.
Prepare an 8- to
10-slide Microsoft® PowerPoint® presentation focusing on the federal budget for
fiscal year (FY) 2015. Answer the
following :
What are the total revenues and expenditures projected for
FY15 (Table S-1)
Is the FY15 budget projecting a surplus or a deficit in
spending, and by how much (Table S-1)
What are the key sources of revenue for the federal
government (Table S-5)
What are the primary expenditures for the federal
government? (Table S-5)
What is the current national debt?
How much is the national debt per citizen and per
taxpayer. Is this a problem? Why?
Why not?
How can the Federal government reduce the national debt?
Keep your ideas realistic.
Prepare a paper of no more than 700 words that addresses the
following topics :
What roles do accountants play in managing government and
not-for-profit organizations?
How are government and not-for-profit organizations
audited? Be sure to include the
different types of audits.
Describe the Single-Audit Act and how it impacts government financial
reporting and accounting
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