Mod 1 SOLUTION 1. It is distinguish between internal and external users in government than in business because in government the two classification of users is based on their positions relative to their specific governmental organisations as opposed to the business where the clasification is based strictly on business ownership and authority.Therefore the central government financial reporting: intermediate users and indirect control. Financial Accountability & Management 8(4) 265-280. 3.Holmes S. & Nicholls D. (1989). Modelling the accounting information requirements of small businesses. Accounting and Business Research 19(74) 143-150. 4.Brabec Z. (2013). Financial reporting in the USA: use of the IFRS. Nauki o Finansach (15) 23-36. [...]
Option #2: Internal and External Users of Governmental Statements Instructions: Provide complete answers to the following two problems. Why is it more difficult to distinguish between internal and external users in governments than in businesses? From what two perspectives must the financial statements under the Governmental Accounting Standards Board (GASB) No. 34 reporting model be prepared? How do the two differ from each other? Requirements: Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include all computations in a table. For written answers, please make sure your responses are grammatically correct and free from spelling errors. Follow the CSU-Global Guide to Writing and APA Requirements. Review the grading rubric, which can be accessed from the Course Information page. Reach out to your instructor if you have any questions about the assignment.