Whenever an individual analyzes fiscal reports the format may be different for government and nongovernment organizations. The main reason for this is the 2 types of organizations are controlled by different accounting standard boards, and select accounting techniques to satisfy their requirements. The Fiscal Accounting Standard Board (FASB) sets up rules for nongovernment organizations and the Government Accounting Standard Board (GASB) is the government organizations regulator. They have got commonalities and variations meant for the sort of organization they monitor. The fiscal reports are one more area which may be complicated since most organizations will use accrual accounting techniques; however government...
Excerpt from file: AccountingAnalysis ACC460 AccountingAnalysis Wheneveranindividualanalyzesfiscalreportstheformatmaybedifferentfor governmentandnongovernmentorganizations.Themainreasonforthisisthe2types oforganizationsarecontrolledbydifferentaccountingstandardboards,andselect
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