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What are the differences in financial reporting

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Assignment: PARTICIPATION QUESTIONS

1. What are the differences in financial reporting in a for-profit and government organization?

2. What are the similarities in financial reporting in a for-profit and government organization?

3. How do these differences and similarities affect the comparability of financial reports?

4. Should these reports be comparable? Explain your response.

5. What are the differences in reporting guidance in a for-profit and not-for-profit organization?

6. What are the similarities in reporting guidance in a for-profit and not-for-profit organization?

7. How do these differences and similarities affect the comparability of financial reports?

8. Should these reports be comparable? Explain your response.

Reference no: EM131515936

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