Question
But when it comes to the non-profit versus for-profit business how do they compare? Your assignment is to analyze this using a comparison format. Lets
But when it comes to the non-profit versus for-profit business how do they compare? Your assignment is to analyze this using a comparison format. Lets see which side you are on. In 500 words or more, answer the questions listed below. How do their objectives differ? How do they generate revenue? How do they control and report expenses/expenditures? How do they measure and report profit? How is equity and ownership reported? Reflect on your future career goals as an accountant. It is obvious that both non-profit and for-profit businesses need accountants; but, how does their focus and job differ? Do non-profit businesses pay competitively to for-profit businesses? Now that you have compared the two business types and the role accountants play along with their compensation, where do you see yourself fitting and why?
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