For each characteristic, concept, or financial reporting requirement listed below, place a Y for yes in the
Question:
"For each characteristic, concept, or financial reporting requirement listed below, place 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."
| State and Local Governments | Federal Government | Nongovernmental Not-for-Profit |
Organization-wide financial statements | | | |
Management's discussion and analysis (MD&A) | | | |
Annual performance report | | | |
Modified accrual | | | |
Reporting of program expenses separate from supporting expenses | | | |
Absence of defined ownership interests | | | |
Standards set by GASB | | | |
Standards set by FASB | | | |
Standards set by FASAB | | | |
Standards focused on both internal and external users of financial information | | | |
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078025822
17th edition
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson