Compare and contrast the basic financial statements for non-profits to those same statements for government and for-profit organizations. Explain why these differences and similarities are important when contrasting non-profit organizations from the government’s financial roles and responsibilities as well as effectiveness and efficiency.
As a reminder, check out this website to help with understanding the key differences between Non-Profit and For-Profit Organizations.
https://www.growthforce.com/blog/4957/general/financial-statements/
