Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations
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After studying Chapter 1, you should be able to:
- -Obtain an overview of financial reporting for nonbusiness entities.
- -Distinguish between private and public sector organizations.
- -Identify the sources of authoritative accounting standards for various public and private sector organizations.
- -Define the 11 fund types used by state and local governments.
