Financial Management
Could you please assist me answering the following questions at least 100 words per answers.
1-of Financial Management for Public, Health, and Not-for-Profit Organizations discusses the fact that net assets are separated into 3 categories. What are the 3 categories, and why is this important to public service managers?
2-Assets and liabilities each have 3 requirements that must be met before they can be recorded. What are the 3 requirements for each, and why are they important?
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Net assets are the assets which have no liabilities. The net assets for Not-For-Profits Organizations are separated into three categories which are unrestricted net assets, temporarily restricted net assets and the permanently restricted net assets. `These categories are important…
(452 Words)