Individual Accounting Short-Answer Questions

Resource: Financial Management for Human Service Administrators

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Write 200- to 300-word responses to the following questions:


·         What are the major accounting differences between nonprofit and for-profit organizations?

·         Why are audits becoming increasingly important in the nonprofit sector? Cite at least three reasons.


Complete Exercises 4.1–4.3 in Ch. 4 of Financial Management for Human Service Administrators.