BSHS 373 Week 3 Individual Assignment Accounting Short-Answer Questions

Resource: Financial Management for Human Service Administrators

Write 200- to 300-word responses (flexible) to each of the following questions:

·         What are the major accounting differences between nonprofit and for-profit organizations?

·         Why are audits becoming increasingly important in the nonprofit sector? Cite at least three reasons.

·         Complete Exercises 4.1–4.3 in Ch. 4 of Financial Management for Human Service Administrators.  This part is not a narrative.  It is a series of three accounting exercises to be completed.