1.Explain the essential differences between general purpose and special purposegovernments and give several examples of each.2.What are the principal characteristics that distinguish governmental and not for profitorganizations from business enterprises (FP)3.Explain what distinguishes governmental not-for-profit organizations from nangovernmental not-for-profit arganizations. Why is such a distinction necessary?4.Explain in your own words why accountability is the comerstone of all financialreporting in government?What should be the government wide financial statements report on and why?

The government is the system by which a country or community can be governed or regulated.

Answered: 1.Explain the essential afferences…

1.Explain the essential afferences between general purpose and special purpose governments and give several examples of each.

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 3DQ

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Question

1.Explain the essential differences between general purpose and special purpose
governments and give several examples of each.
2.What are the principal characteristics that distinguish governmental and not for profit
organizations from business enterprises (FP)
3.Explain what distinguishes governmental not-for-profit organizations from nan
governmental not-for-profit arganizations. Why is such a distinction necessary?
4.Explain in your own words why accountability is the comerstone of all financial
reporting in government?
What should be the government wide financial statements report on and why?

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