Compare and contrast government and not-for-profit financial reporting in general. How are they similar? How are...
Compare and contrast government and not-for-profit financial reporting in general. How are they similar? How are they different? Cite sources used.
Homework Answers
1) Government and Non Profit organization in general are not profit making motive so they use an terminology called" FUND ACCOUNTING" where financial data gets grouped.
NPO should project Revenue (earned Revenue Vs Contributed income), Expenses for any programs
| Government | NPO | |
| Government organization uses statement of assets | Statement of Financial position used in NPO | |
| Policy followed Government accounting standards boards | Financial accounting standard boards |
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Compare and contrast government and not-for-profit financial
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Compare and contrast government and not-for-profit financial reporting in general. How are they similar? How are...
Compare and contrast government and not-for-profit financial reporting in general. How are they similar? How are they different? Cite sources used.
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Compare and contrast public sectors unions with private sector units. How are they similar and how are they different?
Compare nd contrast for-profit and nonprofit organization in terma of their financial and economic policies. How...
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