What are the differences in guidance in a for-profit

Assignment Help Accounting Basics

Reference no: EM13136865

What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance in a for-profit and not-for-profit organization? How do these differences and similarities affect the comparability of financial reports? Should these reports be comparable? Explain your response.

Reference no: EM13136865

Questions Cloud

Explain the guidance that you believe is needed : "Financial Instruments and Derivatives and Hedging." Assume that you are preparing to submit responses to the FASB Exposure Draft related to Derivatives and Hedging. Please respond to the following.

Accounting principles and prepare a short memo : Directions research the related generally accepted accounting principles and prepare a short memo to the president that summarizes how to report the $40,000 loss on Klote's 2010 income statement. Cite your reference and applicable paragraph number..

What is the percent yield : In the reaction between glucose and oxygen 10.0 g of glucose reacts and 7.50 L of carbon dioxide is formed. What is the percent yield if the density of CO2 is 1.26 g/L?

Provide an analysis of possible precursors : Using social psychology concepts, provide an analysis of possible precursors and consequences of the behaviors

What are the differences in guidance in a for-profit : What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance in a for-profit and not-for-profit organization? How do these differences and similarities affect the c..

Probability that exactly six people will use machine : Electronic teller machine during the prime shopping hours in a department store. What is the probability that Exactly six people will use the machine during a randomly selected hour.

Multinational corporations : Many Multinational Corporations (MNC's) and Non-Governmental Organisations (NGO's) face significant ethical and social responsibility dilemmas. Discuss the variety of strategies and business practices that MNC's and NGO's may utilise in order to maxi..

Program evaluation stipulations : Imagine your evaluation findings are not very well received by an agency and its administrators. Discuss what you would do so there might be a "reinterpretation."

What would be the expected cost of goods sold : Gemstone Corporation has a sales budget for next month of $600,000. Cost of goods sold is expected to be 30 percent of sales. All goods are purchased in the month used and paid for in the month following purchase.

User Account

All Pages