ACC 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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