ACC460_COOKE_WEEK1

ACC460_COOKE_WEEK1 - Analysis Paper 1 RUNNING HEAD:...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Analysis Paper 1 RUNNING HEAD: ANALYSIS PAPER Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis paper Keyyna Cooke ACC/460 03/29/2010 Dorothy Galiger Analysis Paper 2 Analysis Paper Contrast and Comparing Overall government and not for profit both have a similar goal, which is to provide services rather than focus on the dollar received; the goal of making something better, whether that bettering is for a community, church, politically, or a belief of change. Both GASB and FASB have a budget to abide by; the revenues of a government may be determined by legislative fiat, and if they are, the government may not be subject to the forces of competition faced by businesses ( Granof, 2007 ) Those of a not- for-profit (FASB) such as a college or private school would look to tuition, donations and other contributions to make revenue; this shows both government and not for profit is nothing like a business who focuses on sales to make revenue. The budget is a very important document. If an entity stays within budget, this shows the great management and accountability of money earned and used. Both government and not-for-profit follow this document extensively....
View Full Document

This note was uploaded on 04/18/2010 for the course ACC 460 taught by Professor Me during the Spring '09 term at University of Phoenix.

Page1 / 5

ACC460_COOKE_WEEK1 - Analysis Paper 1 RUNNING HEAD:...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online