Should be identical to the for profit business

Reference no: EM133537922

Question: The course focused on the fact that governments do not have the same goal and key metric as a for profit business (i.e. net income). This week, you were introduced to the different financial statements that have for profit equivalents but are not identically titled and/or compiled. All governmental financial statements are created on an accrual basis except for the governmental funds. As you have now officially entered into the governmental financial statement zone, do you think they should be this different or should be identical to the for profit business? The discussion post should state your opinion/answer to this question along with at least two reasons that you believe supports your position.

Reference no: EM133537922

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