Government vs. Not-for-profit Accounting

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Respond to the following in a minimum of 175 words:

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Government vs. Not-for-profit Accounting: What are the major differences between government accounting and for-profit business accounting?
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What are the major differences between government accounting and for-profit business accounting? Be sure to consider accounting standards, statements, and reporting. What are the reasons behind these differences?

Reply to at least two of your classmates. Be constructive and professional in your responses.

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