ACC-410-Homework-Ch-1

Apr 30th, 2015
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Why is the budget a far more important documentin both governments and not-for-profitsthan it is in businesses? The budget is more important because unlike a business which relies upon marketplace, revenues and expenditures are controlled strongly by the budget for any government and not-for-profit organization. A government organization’s revenues may be determined by legislative fiat and a not-for-profit organizations may be obtained from contributions, dues, tuitions, and user charges which are completely separate from the sales that a normal business operation experiences.

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Leah PasternakGovernment & Not for Profit ACC410Chapter 1: Homework Submission2. Why is the budget a far more important document in both governments and not-for-profits than it is in businesses?The budget is more important because unlike a business which relies upon marketplace, revenues and expenditures are controlled strongly by the budget for any government and not-for-profit organization. A government organizations revenues may be determined by legislative fiat and a not-for-profit organizations may be obtained from contributions, dues, tuitions, and user charges which

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