IA 120. Matching. (I.Ol-ig. LOl-20 requirement listed, indicate a Y 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. ,I014@,LO-5@)For each characteristic, concept. Or financial reporting Page 19 Characteristic, Concept, or Nongovernmental Not- for-Profit Financial Reporting Requirement State and LocalFederal Governments GovernmentOrganizations Accountability is the foundation of financial reporting Management's discussion and analysis (MD&A) Performance& accountability report Stewardship is identified as a financial statement purpose