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Governmental Bookkeeping

1. Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.

2. At least 1 slide should explain which regulating authority oversees the accounting rules for governmental vs. for-profit entities. Include an example and brief explanation, in your own words, of the most recent new guideline established by the agency overseeing government accounting. Access the following Web site: www.gasb.org/st/stpg.html.

3. At least 1 slide should explain at least 2 differences between governmental entities and nonprofit, nongovernmental agencies, including an example of each difference.

Solution Summary

Your instructional notes are in the speaker notes and the slides have the outline to get you started.