What financial statements are required of not-for-profitorganizations? How are they different or comparable to...

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Accounting

What financial statements are required of not-for-profitorganizations? How are they different or comparable to thoseprovided by organizations that operate for profit? How does theretained earnings section of for-profit organizations differ fromthat of the net assets section of not-for-profits?

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ANSWER Not for Profit Organization is otherwise called Non Profit OrgansationThe primary reason for Not revenue driven association is to give administration to its individuals or to the general public without acquiring benefit It is for the most part a different See Answer

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In: AccountingWhat financial statements are required of not-for-profitorganizations? How are they different or comparable to those...What financial statements are required of not-for-profitorganizations? How are they different or comparable to thoseprovided by organizations that operate for profit? How does theretained earnings section of for-profit organizations differ fromthat of the net assets section of not-for-profits?