Governments and not-for-profits entities operate

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Governments and not-for-profits entities operate differently than for-profit business entities. Before you can understand governmental and not-for-profit accounting, you need to understand the differences in characteristics, financial reporting and users of financial reports.

Discuss answers to the following questions and justify your response:

Describe the characteristics that distinguish not-for-profit organizations form business enterprises.

Describe the characteristics of governmental and not-for-profit accounting financial reporting that is unique from business enterprises.

Reference no: EM13745228

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