1. What is the primary objective of accounting for NGOs? 

2. How are grants and donations accounted for in NGO accounting? 

3. What is the purpose of a statement of financial position in NGO accounting?

4. How are expenses classified in NGO accounting? 

5. What are the key differences between accounting for NGOs and for-profit organizations? 

6. How is revenue recognition handled in NGO accounting? 7. What are the key financial reports prepared by NGOs? 

8. How is the concept of fund accounting applied in NGO accounting? 9. How are restricted funds accounted for in NGO accounting? 

10. What is the role of an auditor in NGO accounting? 

11. How are in-kind donations recorded in NGO accounting? 

12. What is the significance of transparency in NGO accounting? 

13. How are overhead costs allocated in NGO accounting? 

14. Explain the concept of accrual accounting in the context of NGOs. 

15. How are financial statements analyzed and used for decision-making in NGOs?