Beverly Moore is struggling to pass her introductory accounting course. Beverly is intelligent but she likes to party. Studying is a low priority for Beverly. When one of her friends tells her that she is going to have trouble in business if she doesnt learn accounting, Beverly responds that she doesnt plan to go into business. She says that she is arts-oriented and plans someday to be a director of a museum. She is in the school of business to develop her social skills, not her quantitative skills. Beverly says she wont have to worry about accounting because museums are not intended to make a profit.

Please answer the following questions:

-explain whether you agree or disagree with Beverly's position regarding accounting and not-for-profit organizations.

-Distinguish between financial accounting and managerial accounting

-Identify some of the stakeholders of not-for-profit institutions that would expect to receive financial accounting reports.

-Identify some of the stakeholders of not-for-profit institutions that would expect to receive managerial accounting reports.