Category: Government and Not-For-Profit

1-4. What are the Required financial statements for
nongovernmental not-for-profit organizations?
1-7. What is the primary financial reporting objective for
not-for-profit organizations? How does this differ from the primary financial
Reporting objective for a government?
2-7. What is meant by the terms deferred outflows of
resources and deferred inflows of resources? When are these accounts used?
Where are they reported on the financial statements?
2-9. Identify the governmental fund balance classifications
and give an example of what might be included in each classification
identified.
2-18. Match the exercise attached.

Topic: The Audit Committee
Several arguments have been made by companies that audit committees have not added any value. Do you find this to be true or untrue? What do you feel are the benefits of having an audit committee, and should their composition be changed in any way?
APA format
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