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Accounting for Governmental & Nonprofit Entities

1-1 EARL R. WILSON JACQUELINE L. RECKSUSAN C. KATTELUSA ccounting for Governmental & Nonprofit Entities15/eCopyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/IrwinChapter1 Introduction to Accounting and FinancialReporting for Governmental and Not-for-Profit Entities1-3 Learning ObjectivesAfter studying Chapter 1, you should be able to: Identify and explain the characteristics that distinguish Governmental and not-for-profit Entities from for-profit Entities Identify the authoritative bodies responsible for setting GAAP and financial reporting standards for all Governmental and not-for-profit organizations Contrast and compare the objectives of financial reporting for state and local governments, the federal government, and not.

governmental and not-for-profit entities from for-profit entities Identify the authoritative bodies responsible for setting GAAP and financial reporting standards for all governmental and not-for-profit organizations Contrast and compare the objectives of financial reporting for state and local governments, the federal

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