What are the sources of funds received by the Not-for-Profit Organization?
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9) What are the sources of funds received by the Not-for-Profit Organization?
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- If we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization? 1-2 paragrahsDifferentiate between public support and revenues as sources of assets for private not-for-profit organizations. Whatbenefit is there in accounting for these differently?What is the major difference between a for-profit and a not-for-profit organization?
- Why do we need accounting for non-profit organizations?Answer two questions please 1-What are the objectives of financial reporting of not-for-profit organizations? 2-Which fund category uses modified accrual basis of accounting? What are the recognition rules of revenues and expenditures under modified accrual basis of accounting?If we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization?