ACCT410 Governmental and Not-for-Profit Accounting
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Governmental and Non-Profit Accounting are considered together because they are the genes for the production of output having huge public goods element, these elements have several valuation issues and central measurements. In the recent years government national accounts has been improved, whereas accounting in non-profit sectors is very important and has to be improved. Generally, the output of non-profit organization is not measured by the government accounting because of the inputs used in producing those outputs. Governmental and Non-Profit Accounting sectors should focus on introducing and developing the new and quite multiple measures of outputs.
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