The Financial Accounting Standards Board (FASB) establishes accounting procedures to ensure that organizations are following generally accepted accounting principles (GAAP). Leaders need to demonstrate that their organizations are in compliance with these standards and abide by certain procedures and standards as evidence of this compliance. In doing so, organizations usually account for funds using either a cash- or accrual-based process.
In your initial post:
- Discuss the differences between cash- and accrual-based accounting.
- Select a nonprofit organization and discuss how cash and accrual-based accounting would affect the way revenue is handled by the organization.
- Select a nonprofit organization and discuss the types of funds this organization uses to account for its revenue.
Use specific examples. Support your post with sources and cite them according to current APA guidelines. Be sure to critically evaluate the concepts and related literature. Address any pro and con arguments.
Table of Contents
Response Guidelines
Read the posts of your peers and respond to at least one, either by refuting all or part of the position taken or by adding to it. As you did in your initial post, use your research to support your claims and be sure to cite your sources according to APA guidelines.
Learning Components
This activity will help you achieve the following learning components:
- Analyze best practices for financial accounting in nonprofit organizations.
- Describe the types of funds commonly used by nonprofit organizations.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
“Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!”
