Nongovernment not-for profit organizations that wish to follow generally accepted accounting principles in the preparation of their financial statements should follow

Question

Quizplus · Accepted Answer

Nongovernment not-for-profit organizations should follow FASB (Financial Accounting Standards Board) standards for preparing their financial statements according to generally accepted accounting principles (GAAP).

Nongovernment Not-For Profit Organizations That Wish to Follow Generally Accepted