What do you view as the biggest differences between governmental accounting and for-profit financial accounting? Explain your rationale and give an example. Be sure to use APA style formatting to reference your post.

answer

watching

150

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Nestor RutherfordLv2

28 Sep 2019

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

1. In accounting its important to understand that there may beevents that occur that are not businesstransactions. Please give us an example of a businesstransaction that affects the accountingequation. Remember that the expanded accounting equationis: Assets = Liabilities + Owner's Equity + Revenue -Expenses. Please be sure that you provide thistransaction in General Journal format. Additionally giveus an example of an event that is not an accountingtransaction.

2. Please let us know what you are doing to get those rules ofdebit and credit memorized. Please let us know if youhave any hints to help us with this process.

Please make sure that your initial post contains a properlycited reference. Please use APA style. Youshould cite your text as a minimum. Additionally, checkyour spelling and proofread your post before you hit the submitbutton.

copperlocust81

Governmental Accounting.

1) Explain why property tax revenues may be different on the Governmental fund type statement of revenues, expenditures, and changes in Fund balance compared to the Government- wide statement of activities. Please add some specificity to your answer.

2) Give one specific example of a worksheet entry as Governmental fund type financial statement information is converted or adjusted to Government-wide Governmental activities financial statment information in regard to capital assets. Please do not answer this question by giving a journal entry.

3) What are some of the key differences between the proprietary statement of cash flows and the FASB for-profit statement of Cash flows( Four differences)

olivesnake963

What do you consider to be the most significant difference between governmental accounting and financial accounting, and explain how this principle or practice differs between governmental and financial accounting

greensardine434

Weekly leaderboard

Home

Homework Help 3,900,000

Accounting 580,000