Fund Balance [WLOs: 1, 3] [CLOs: 1, 3, 6]
Prior to beginning work on this discussion forum, read Chapters 1, 2, and 3 in the text.
In governmental accounting, the account category fund balance is unique to governmental funds. This account has a counterpart account in for-profit accounting with a different name, but the purpose is the same. However, fund balance is more detailed than its counterpart in for-profit reporting.
Explain the similarities and differences between the for-profit and the governmental account equivalent, and describe at least two differences in the governmental account classification. Your post should be a minimum of 300 words, and the explanation should be entirely in your own words. For details on how to organize your comparisons, review the Writing Center’s guide, Compare & Contrast Assignments (Links to an external site.) .
Guided Response: Later, come back to this discussion, read your peers’ summaries, and select at least two of these to comment on. Your comments should focus on the content of their response, and you should explore one or more points of the information in detail, perhaps asking a question or two for clarification, or expanding on the concept presented to add to and generate additional discussion.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more