accounting differences between governments non profits and businesses

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Provide complete answers to the following two problems:

  1. What are the five environmental factors relating to how governments are different from commercial businesses as described by GASB in a white paper entitled: Why Governmental Accounting and Financial Reporting Is – and Should Be – Different? (Links to an external site.)Links to an external site.
  2. Contrast the economic resources measurement focus and the current financial resources measurement focus with regard to the accounting treatment of long-term debt.

In your analysis, include the following:

  • An introduction
  • Requirements 1 – 2
  • Conclusion.

Paper Requirements:

Review the grading rubric, which can be accessed in the Module 1 folder. Reach out to your instructor if you have any questions about the assignment.

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