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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