Providing information on accountability is the primary financial reporting objective for both governmental and not-for-profit entities.
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Q2: The Governmental Accounting Standards Board (GASB) is
Q3: The FASB, GASB, and FASAB all focus
Q4: The Financial Accounting Standards Board (FASB) is
Q5: The Federal Accounting Standards Advisory Board (FASAB)
Q7: The Financial Accounting Foundation has oversight over
Q10: The needs of users of government financial
Q14: In addition to financial statements and notes,GASB
Q17: The minimum requirements for general purpose external
Q18: Examples of general purpose governments include cities,
Q19: The Office of Management and Budget (OMB)
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