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ACCT 260 Governmental and Non-Profit Accounting book Reck, Jacqueline. McGraw-Hill Higher Education. Kindle

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1-5. Explain the meaning and significance of interperiod equity.


Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition.

1-6. Explain the purpose of operational accountability and the purpose of fiscal accountability. Which category of financial statements is most useful in reporting on each of these accountability concepts? 

Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition.

1-7. What is the primary financial reporting objective for not-for-profit organizations? How does this differ from the primary financial reporting objective for a government?

Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition.

1-9. Identify and describe the four sections of a federal department or agency's performance and accountability report.

Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 15). McGraw-Hill Higher Education. Kindle Edition.

1-10. A not-for-profit organization is required to report expenses incurred for programs separately from management and general expenses and fund-raising costs. Explain who would use this information and why this separation matters.

Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities (p. 14). McGraw-Hill Higher Education. Kindle Edition.

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