Discussion Post I: Budgetary Considerations
Describe the varied purposes of budgets. What are the differences between operating budgets and capital budgets? Respond to at least two of your classmates' postings.
Discussion Post II: Accounting Standards-Setting Bodies
Address Exercise E1-2 at the end of Chapter 1. Why are three different bodies established for accounting standards? Respond to at least two of your classmates' postings.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.
Textbook: Ives, M., Patton, T., Patton, S. (2013). Introduction to governmental and not-for-profit accounting (7th ed.). Pearson.
o Chapter 1: Governmental and Not-for-Profit Accounting Environment and Statistics
o Chapter 2: The Use of Funds in Governmental Accounting
o Chapter 3: Budgetary Considerations in Governmental Accounting
o Chapter 4: The Governmental Fund Accounting Cycle: An Introduction to General and Special Revenue Funds
o The full-text version of this ebook is available in your online classroom through the VitalSource platform.