Discuss techniques and methods of presenting financial data for
non-reporting entities. (Please type up your answer and also need a
good paragraph of explanation not just bullet points)
Which authoritative body or bodies guide financial reporting for
not-for-profits other than governmental entities? Discuss how this
works for charities, hospitals, and colleges/universities.
Evaluate Financial Reporting Methods
E2:Assess the regulatory framework for financial
reporting.
2.1Examine reasons for the existence of a regulatory framework
Why a regulatory framework for accounting profession is
important to produce quality financial information to help internal
and external users?
Do some research on integrated reporting or non-financial
reporting and answer the following (with citations and
sources):
If you were considering investing in a company, what
non-financial information related to the company would you want to
learn about? Why?
If you were a majority shareholder in a company, would you be
willing to spend a considerable amount of money (which could
otherwise be productively invested) to track and report
non-financial information? Why?
Discuss and analyze alternative perspectives for determining
financial performance. Out of three methods (Cash flows reporting,
Accrual accounting, Tax reporting), which one do you prefer,
why?
Describe the differences in reporting between governmental
entities and not-for-profit entities. For example, what are the
financial statements for each entity? What measurement focus and
basis of accounting do each use?
Organizing and Presenting Data
.
Discuss the various types of graphs that
are used to present data. Describe each of the graphs.
Answer must be 250 words long!! No plagiarism!! Answer must be
lengthy!!