Differentiate accounting for government and not-for-profit organization from a business enterprise.
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Differentiate accounting for government and not-for-profit organization from a business enterprise.
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- A governmental agency can best be described by which of the following statements? A. has a primary purpose of making a profit B. has a primary purpose of using taxpayer funds to provide services C. produces goods for sale to the public D. has regular shareholder meetingsWhat type of organization primarily offers tax compliance, auditing, and consulting services? A. corporations B. public accounting firms C. governmental entities D. universitiesDistinguish between government and not-for-profit organizations from business entities and describe how the distinction affects their accounting processes.
- Examine the role of accounting theory in addressing the challenges of measuring and reporting the performance of non-profit organizations and government entities.Accounting for Government and Non-Profit OrganizationGovernment entities are interested in financial statements to determine compliance of business enterprises to regulations. True or False
- Describe the primary characteristics for governmental and not-for-profit entities. How does this differ from the primary characteristics for business organizations? Can you explain how budgetary accounting contributes to achieving budgetary control over revenues and expenditures for governmental entities and not-for-profit entities pleaseWhat is the difference between accounting and business government?What is GASB, Government Accounting Standards Board ?