BSHS 373 Week 3 Accounting Short Answer Essay - 27120

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1.       Individual Assignment: Accounting Short-Answer Questions

 

·         Resource: Financial Management for Human Service Administrators

·         Write 200- to 300-word response to the following questions:

 

o    What are the major accounting differences between nonprofit and for-profit organizations?

o    Why are audits becoming increasingly important in the nonprofit sector? Cite at least three reasons.

 

 

·         Complete Exercises 4.1–4.3 in Ch. 4 of Financial Management for Human Service Administrators.

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o   What are the major accounting differences between nonprofit and for-profit organizations?

The accounting practices for a non- profit organization can differ from a for profit organization because the funding sources can be classified as unrestricted, temporarily restricted, and permanently restricted. T

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BSHS 373 Week 3...