How should one determine whether FASB or GASB standards should be followed by any particular not-for-profit organization?

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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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How should one determine whether FASB or GASB standards should be followed by any particular not-for-profit organization?

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One should apply the criteria discussed in the section headed Determining Whether a ...View the full answer

Accounting for Governmental and Nonprofit Entities

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