1. How and why are governmental organizations different than for
profit (businesses) organizations?
2. How and why are governmental organizations similar to for
profit (businesses) organizations?
3. What or who governs governmental organizations?
4. Which organizations set accounting standards for state and
local governments?
5. How many governmental units are in the United States?
6. What is interperiod equity? Give an example of interperiod
equity.
7. What are the GASB financial reporting objectives?