Question: completed in a word document Chapter 1: Research Case 1-11, 1-11. Research Case-GASB. (LO1-1) Access the Governmental Accounting Standards Board website at www.GASB.org. Find the

completed in a word document Chapter 1: Research Case 1-11, 1-11. Research Case-GASB. (LO1-1) Access the Governmental Accounting Standards Board website at www.GASB.org. Find the GASB White Paper on "Why Governmental Accounting and Financial Reporting Is-and Should Be-Different." There are numerous differences between governments and for profits In the accounting and reporting of financial transactions. Two accounting and reporting differences between governments and for-profit organizations relate to capital assets and major revenue sources. Using the Information In the White Paper and your knowledge from your financial accounting courses (refer to a financial accounting textbook or the FASB website [www.FASB.org] If you need a refresher), discuss why there are accounting and reporting differences related to capital assets and the organizations' major revenue sources (sales and property tax revenues). Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition. Research Case 1-12. 1-12. Research Case-GASB. (LO1-2) Examine the Governmental Accounting Standards Board website (www.GASB.org) and prepare a brief report about Its mission, standard-setting process, and board composition, and the role of the Governmental Accounting Standards Advisory Council. Can you determine how to obtain a copy of the most recent Codification of Governmental Accounting and Financial Reporting Standards? What would It cost to purchase or access this publication? Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition
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