BPA 331 Week 2 Nonprofit Accounting

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BPA 331 Week 2 Nonprofit Accounting

 

Write a 1,050- to 1,400-word paper in which you answer the following questions:

  • Why are principles of accounting so important?
  • Who uses financial information from nonprofits? Why?
  • Why is the principle of matching so important?
  • What is the difference between current and long-term assets? Why is this important?
  • What is deprecation? Why is it important?
  • Why does a nonprofit need a chart of accounts?
  • When does a nonprofit pay federal taxes?