Question
In: Accounting
Why such a different type of accounting for not-for-profits and municipalities has been developed and used?
Why such a different type of accounting for not-for-profits and municipalities has been developed and used?
Solutions
Expert Solution
in this picture we describe the difference of municipality accounting with the profit accounting where as in another we discussed the profit accounting and non profit organisation accounting.
A nonprofit entity is one that has no ownership interests, has an operating purpose other than to earn a profit, and which receives significant contributions from third parties that do not expect to receive a return. Where as the municipality if the local self government of urban area.the Municipality accounting system how they maintain their accounting system to deal different work in finance form and other activities
ekkarill92 answered 1 year agoRelated Solutions
What are the different journals used in accounting and why use different journals?
What are the different journals used in accounting and why use
different journals?
A new, simple test has been developed to detect a particular type of cancer. The test...
A new, simple test has been developed to detect a particular
type of cancer. The test must be evaluated before it is put into
use. A medical researcher selects a random sample of
1,000
adults and finds (by other means) that
3%
have this type of cancer. Each of the
1,000
adults is given the test, and it is found that the test
indicates cancer in
97%
of those who have it and in
2%
of those who do not....
. Globally, accounting standards are developed based on different methods. It is generally agreed that the...
. Globally, accounting standards are developed based on
different methods. It is generally agreed that the nature of
accounting standards depends on the systems of regulation. It has
been argued that there are two main systems of regulation.
Required: Identify and explain the difference between the two
systems of regulation, stating clearly which system you believe
describes the International Financial Reporting Standards (IFRS)
Miss Nsiah is a qualified chartered accountant who prepares
financial statements for a firm located at Tesano....
A new process has been developed for applying photoresist to 125-mm silicon wafers used in manufacturing...
A new process has been developed for applying photoresist to
125-mm silicon wafers used in manufacturing integrated circuits.
Ten wafers were tested, and the following photoresist thickness
measurements (in angstroms x1000) were observed:
13.3987, 13.3957, 13.3902, 13.4015, 13.4001, 13.3918, 13.3965,
13.3925, 13.3946, and 13.4002.
(a) Test the hypothesis that mean thickness is 13.4 x 1000Å. Use =
0.05 and assume a two sided
alternative.
(b) Find a 99% two-sided confidence interval on mean photoresist
thickness. Assume that thickness
is normally...
Would you consider Managerial Accounting and Financial Accounting two different kinds of accounting? Why or why...
Would you consider Managerial Accounting and Financial
Accounting two different kinds of accounting? Why or why
not?
B. Globally, accounting standards are developed based on different methods. It is generally agreed that the...
B. Globally, accounting standards are developed based
on different methods. It is generally agreed that the
nature of accounting standards depends on the systems of
regulation. It has been argued that there are two
main systems of regulation.
Required:
Identify and explain the difference between the two systems of
regulation, stating clearly which system
you believe describes the International Financial Reporting
Standards (IFRS)
B. Globally, accounting standards are developed based
on different methods. It is generally agreed that the
nature...
Globally, accounting standards are developed based on different methods. It is generally agreed that the nature...
Globally, accounting standards are developed based on different
methods. It is generally agreed that the nature of accounting
standards depends on the systems of regulation. It has been argued
that there are two main systems of regulation.
Required: Identify and explain the difference between the two
systems of regulation, stating clearly which system you believe
describes the International Financial Reporting Standards
(IFRS)
Globally, accounting standards are developed based on different methods. It is generally agreed that the nature...
Globally, accounting standards are developed based on
different methods. It is generally agreed that the nature of
accounting standards depends on the systems of regulation. It has
been argued that there are two main systems of regulation.
Required:
Identify and explain the difference between the two systems of
regulation, stating clearly which system you believe describes the
International Financial Reporting Standards (IFRS)
B. Globally, accounting standards are developed based on different methods. It is generally agreed that the...
B. Globally, accounting standards are developed based
on different methods. It is generally agreed that the
nature of accounting standards depends on the systems of
regulation. It has been argued that there are two
main systems of regulation.
Required:
Identify and explain the difference between the two systems of
regulation, stating clearly which system
you believe describes the International Financial Reporting
Standards (IFRS)
outline the factors which have been used to explain why historically there has been diversity in...
outline the factors which have been used to explain why
historically there has been diversity in accounting practices
internationally
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- You are tasked with assessing the health department’s intervention program in preventing recurrence of acute alcohol...
- Compare the MOSFET, JFET , and BJT and identify the reasons these devices behave differently. What...
- How would you use SAS Enterprise Miner to create a neural network model of your example?
- Explain the use of neural networking modeling in predictive analytics.
- Current Market Mix of Netflix, as detail as possible, please.
- This is all one question, thank you so much in advance! You must evaluate a proposal...
- X Company is considering the purchase of a new processor that costs $200,000. Shipping and setup...
ADVERTISEMENT