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Business, 21.01.2020 05:31 netflixacc0107

Access the governmental accounting standards board website at . findthe gasb white paper on "why governmental accounting and financial reporting is—and should be—different." there are numerous differences between governments andfor-profits in the accounting and reporting of financial transactions. two accounting andreporting differences between governments and for-profit organizations relate to capitalassets and major revenue sources. using the information in the white paper and yourknowledge from your financial accounting courses (refer to a financial accountingtextbook or the fasb website [] if you need a refresher), discuss whythere are accounting and reporting differences related to capital assets and theorganizations' major revenue sources (sales and property tax revenues).the governmental accounting standards board published a document titled whygovernmental accounting and financial reporting is—and should be— different havethree key points: 1. the differences between for-profit business enterprises andgovernments require separate accounting and financial reporting standards; 2.

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