Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson

تمرين 4

The Beth House Museum is a nongovernmental not-for-profit organization. At the annual meeting, one of the new board members said, "I took a couple of accounting classes in college and we can choose to use either the FASB rules or the GASB rules." Do you agree with the board member? Why or why not?