Match the unique features of public sector financial reporting with the impact on its financial reports. Question 15 options: In public sector financial reporting, financial assets (like cash and investments) are shown separately from tangible capital assets because they are used and acquired for different purposes. Public sector accounting standards address a range transactions that accounting standards for the private sector do not specifically address. Readers need information about the cost of providing current services and the resources available to provide future services. Financial statements must be designed to meet the information needs of a broad range of readers. Public sector entities cannot show they are efficient and effective solely through published financial statements. Additional reporting is needed. 1. Accountability 2. Entity objectives 3. Operating environment 4. Non- exchange transactions 5. Tangible capital assets