What are key concepts and terms used in describing the government reporting entity? Identify and describe the
Question:
What are key concepts and terms used in describing the government reporting entity?
Identify and describe the contents of various government financial reports.
Identify how benchmarks and performance measures can be used to evaluate NFPs
Distinguish not-for-profit organizations from entities in the governmental and commercial sectors of the U.S. economy.
Identify the authoritative standards setting body for establishing GAAP for nongovernmental NFP organizations, and are NFP organization are considered governmental.
Explain financial reporting for NFPs, including required financial statements and classification of net assets.
Distinguish between generally accepted accounting principles for public and private colleges and universities.
Describe financial reporting for public and private colleges and universities.
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley