Discussion Post I: Budgetary Considerations
Describe the varied purposes of budgets. What are the differences between operating budgets and capital budgets?
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?
Textbook: Ives, M., Patton, T., Patton, S. (2013). Introduction to governmental and not-for-profit accounting (7th ed.). Pearson.
a) Chapter 1: Governmental and Not-for-Profit Accounting Environment and Statistics
b) Chapter 2: The Use of Funds in Governmental Accounting
c) Chapter 3: Budgetary Considerations in Governmental Accounting
d) Chapter 4: The Governmental Fund Accounting Cycle: An Introduction to General and Special Revenue Funds.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.