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For each characteristic, concept, or financial reporting requirement listed, indicate a Y for yes in the type of organization column if the item applies to
For each characteristic, concept, or financial reporting requirement listed, indicate a for yes in the type of organization column if the item applies to that type of organization or N for no if it does not apply.
tabletableCharacteristic Concept, or Financial ReportingRequirementtableState and LocalGovernmentstableFederalGovernmenttableNongovernmentalNotforProfitOrganizationsAccountability is the foundation of financial reporting,,,Managements discussion and analysis MD&APerformance & accountability report,,,Stewardship is identified as a financial statement purpose,,,A concern with budgetary compliance,,,Absence of defined ownership interests,,,Oversight by the Financial Accounting Foundation FAFRequired fund financial statements are presented as part of the financial report,,,Considered private sector standardsetting boards,,,Standards focus on just external users of financial information,,,
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