Title: Financial Reporting for Non-Governmental Not-for-Profit Organizations

1-4. What are the Required financial statements for
nongovernmental not-for-profit organizations?
1-7. What is the primary financial reporting objective for
not-for-profit organizations? How does this differ from the primary financial
Reporting objective for a government?
2-7. What is meant by the terms deferred outflows of
resources and deferred inflows of resources? When are these accounts used?
Where are they reported on the financial statements?
2-9. Identify the governmental fund balance classifications
and give an example of what might be included in each classification
identified.
2-18. Match the exercise attached.