Government Accounting has its distinct purpose amongst the “Accounting Elites” namely, ACCA and CPA. The standards...

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Accounting

Government Accounting has its distinct purpose amongst the“Accounting Elites” namely, ACCA and CPA. The standards andpurpose(s) of Government Accounting are equal with those set byAccounting Bodies that lean more to Commercial Account. James L.Chan in his paper “Government Accounting: An Assessment of Theory,Purposes and Standards” look at the importance of GovernmentAccounting and compare this to Commercial Accounting.
Please access the link below and review thepaper.
Chan, J., L. (2003). Government Accounting: An Assessment ofTheory, Purposes and Standards.
Available at
http://jameslchan.com/papers/Chan2003Assess.pdf
I. Financial Statements from Commercial Accounts provide moreinformation to the general public than those from GovernmentAccounts?

Use information from the paper by Chan, J., L. & Rubin above,write a paper of no less than 2 pages to address the abovequestion. To completely address the question, you should ensurethat you cover: ? A comprehensive review of the similarities anddifferences between commercial accounting and governmentaccounting. ? The types of financial statements prepared from bothtype of accounting methods ? The kinds of information provided byboth type of accounting methods

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Contrasts Between Government Accounting And Commercial Accounting Following are the principle contrasts between government bookkeeping and business bookkeeping 1 Which means The bookkeeping framework kept up by the administration workplaces is known as government bookkeeping The bookkeeping framework kept up by business associations is known as business bookkeeping 2 Objective Government bookkeeping is kept up by the administration workplaces to know the situation of open reserve Business bookkeeping is kept up by business associations to know the benefit or misfortune and the money related position of the business 3 Financial plan Government bookkeeping entirely takes after the administration planning framework business bookkeeping does not take after the administration planning framework 4 Premise Government bookkeeping is set up on money premise Business bookkeeping is set up on money and in addition collection premise 5 Level Of Accounting Government bookkeeping has the See Answer

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Government Accounting has its distinct purpose amongst the“Accounting Elites” namely, ACCA and CPA. The standards andpurpose(s) of Government Accounting are equal with those set byAccounting Bodies that lean more to Commercial Account. James L.Chan in his paper “Government Accounting: An Assessment of Theory,Purposes and Standards” look at the importance of GovernmentAccounting and compare this to Commercial Accounting.Please access the link below and review thepaper. Chan, J., L. (2003). Government Accounting: An Assessment ofTheory, Purposes and Standards. Available at http://jameslchan.com/papers/Chan2003Assess.pdfI. Financial Statements from Commercial Accounts provide moreinformation to the general public than those from GovernmentAccounts?Use information from the paper by Chan, J., L. & Rubin above,write a paper of no less than 2 pages to address the abovequestion. To completely address the question, you should ensurethat you cover: ? A comprehensive review of the similarities anddifferences between commercial accounting and governmentaccounting. ? The types of financial statements prepared from bothtype of accounting methods ? The kinds of information provided byboth type of accounting methods