Chapter 1-GOVT - Chapter 1 What are Governmental and...

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Chapter 1 What are Governmental and Not-for Profit Organizations? -General purpose governments-governments that provide services like: Police and fire protection Sanitation Construction Heath and welfare Examples of General purpose governments: States Counties Municipalities - Special purpose governments-provide only a limited number of functions like: Education Drainage Flood Control Irrigation Soil and water conservation Fire protection Water supply -Special purpose governments’ powers include: Levy & collect taxes
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Raise revenues form other sources to finance the services they provide -Not-for profit organizations include: Private colleges Health care organizations Certain libraries and museums Professional and trade associations Fraternal and social organizations Religious organizations Distinguishing Characteristics of Governmental and Not-for-Profit Entities
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This note was uploaded on 04/21/2011 for the course ACCOUNTING 10 taught by Professor Eastman during the Spring '11 term at Rutgers.

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Chapter 1-GOVT - Chapter 1 What are Governmental and...

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