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For your next orientation meeting with your new hire, and to be helpful when other new accountants are hired, prepare a PowerPoint presentation of 5–10 slides with speaker notes that includes the following:

  • Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.
  • At least 1 slide should explain which regulating authority oversees the accounting rules for governmental vs. for-profit entities. Include an example and brief explanation, in your own words, of the most recent new guideline established by the agency overseeing government accounting. Access the following Web site: www.gasb.org/st/stpg.html.
  • At least 1 slide should explain at least 2 differences between governmental entities and nonprofit, nongovernmental agencies, including an example of each difference.

Please submit your assignment.

The following grading criteria will apply to this assignment:

Grading Criteria

50%

Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.

25%

At least 1 slide should explain which regulating authority oversees the accounting rules for governmental vs. for-profit entities. Include an example and brief explanation, in your own words, of the most recent new guideline established by the agency overseeing government accounting.

25%

At least 1 slide should explain at least 2 differences between governmental entities and nonprofit, nongovernmental agencies, including an example of each difference.

This assignment will be assessed using the rubric provided here.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 1

 

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