The-Government-Reporting-Model

Imagine that you are the consumer reporter for your local newspaper. Select a product that many students are interested in buying, such as an mp3 player or sneakers. Write an article that compares and contrasts two brands of that product and recommend the
April 16, 2021
Explain-what-accrual-method-of-accounting-means
April 16, 2021

The-Government-Reporting-Model

Describe what you feel are the most important differences between private-sector entities and public-sector entities with respect to accounting objectives, authoritative sources, and bases.

Address both of the following requirements:

  • Defend your choice of accounting practices; why are the differences you identify important?
  • Explain why the differences matter in their respective (private- and public-sector) contexts. Explain why each difference in accounting practice is proper and necessary in its context, or critique any current practice that is not proper for its context.
 
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