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why do managers of governmental and not for non profit organizations need to understand financial information as much as profit seeking organization

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 18Q: Describe the concept of a profit center and, using a specific organization, give an example of how...

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The objectives of financial reporting for business enterprises are based on the need for conservative information the needs of the users of the information the need to report on management’s stewardship the need to comply with financial accounting standards