What are the concept statements for governmental accounting

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Problem 1: What is the governmental reporting entity? What are primary governments? What are component units?

Problem 2: What are the Concept Statements for Governmental Accounting? What are the purposes of these statements? Where can they be found?

Problem 3: What is fund accounting? Why do governments and other not-for-profit entities use these funds?

Reference no: EM132772187

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