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

"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




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