Governmental and not-for-profit organizations do not differ significantly from for-profit organizations and therefore should follow for-profit accounting

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Governmental and not-for-profit organizations do not differ significantly from for-profit organizations and therefore should follow for-profit accounting and reporting standards.” Do you agree or disagree with this statement? Why or why not?

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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Dec 03, 2011 10:04 AM

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Governmental and not-for-profit organizations do not differ significantly from for-profit organizations and therefore should follow for-profit accounting

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Disagree As discussed in this chapter government and notfor...View the full answer

Accounting for Governmental and Nonprofit Entities

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