For Wizard Kim - D1-W1

Discussion 1

Course:

Accounting for Governmental and Not-for-Profit Entities

Answer all of the questions in good form as part of your initial posting.

1.  After reviewing this week's lecture and reading materials, why is Governmental and Non-Profit accounting required to be taken as part of your degree program?

2. How is Governmental and Non-Profit accounting different from your previous accounting courses?

3. What are the objectives of financial reporting for state and local governments, the federal government, and not-for-profit organization?

4. What is an interefund activity?