Management and Organizational Studies 4465A/B Lecture Notes - Lecture 11: Financial Statement, Fund Accounting, Deferral

49 views5 pages

Document Summary

Chapter 12 - non-profit and public sector organizations: they provide services or goods to identifiable segments or society without the expectations of profit, resources are provided by individual or government contributions without the expectation of gain or repayment. Public nfp sector - hospitals that are controlled by the government. Private nfp sector - includes nfpos that are not controlled by the government. Section 1501 - first-time adoption by nfpos: this section applies when an nfpo is adopting part iii for the first time, changes in policies would normally be applied retrospectively when first adopting part iii of the. Section 3032 - inventories held by nfpos: except as otherwise provided for in this section, an nfpo applies the section on inventories in part. Ii: an nfpo may receive inventory without any cost and may have no intention of ever selling the inventory.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents