Explain your view on why the not-for-profit organisations

Reference no: EM133368972

Question: Based on your own perspective, explain your view on why the not-for-profit organisations (such as government agencies, religious parties or groups, etc...) differ from other corporations or organisations in the business industry. Analyse and review the Financial Accounting Standards Board (FASB) Financial Accounting Concepts Number Four Statement then describe the aspects of the FASB statement that you found to be most unique and unexpected. Highlight the main distinctions between a for-profit organisation and a not-for-profit organisation and provide an example to support your explanation. In what ways does those distinctions connect to a company's financial statement, and how does it satisfy the requirements of those who make use of it?

Reference no: EM133368972

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