What is meant by Not-for-profit accounting?
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What is meant by Not-for-profit accounting?
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- What are the key differences between financial accounting and managerial accounting?What are the main differences in accounting for profit and not for profit organizations?What financial statements are not for profit organizations required to issue? Compare them to what a typical business' enterprise would issue.
- In what ways does revenue recognition differ from other financial accounting practices?Is there a difference between a balance sheet of a profit organization with a non-profit organization?Explain the ethical consideration or ethical values to be followed/maintained in the accounting procedure for Not-for-profit Enterprizes.