Explain why special items are sometimes referred to as one-shot revenues. Why are they not reported with

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Explain why special items are sometimes referred to as “one-shot” revenues. Why are they not reported with other revenues? Review 10 governments’ General Fund financial statements from the Internet or other sources. Do they report special items? If so, identify the government and explain the nature and amount of each special item.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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