Compare and contrast the basic financial statements for non-profits to those same statements for government and for-profit organizations. Explain why these differences and similarities are important when contrasting non-profit organizations from the government’s financial roles and responsibilities as well as effectiveness and efficiency.

Financial Statements

Download the booking exercise spreadsheet, fill out the spreadsheet, and post it to your discussion.

Discussion:

Compare and contrast the basic financial statements for non-profits to those same statements for government and for-profit organizations. Explain why these differences and similarities are important when contrasting non-profit organizations from the government’s financial roles and responsibilities as well as effectiveness and efficiency.

As a reminder, check out this website to help with understanding the key differences between Non-Profit and For-Profit Organizations.

https://www.growthforce.com/blog/4957/general/financial-statements/