ACC 497 Wk 5 Discussion – Profit vs. Non-Profit

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss the major similarities and differences in accounting for for-profit and not-for-profit organizations. Be sure to consider differences in organizational ownership, fund accounting, and financial reporting.

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.