Chapter 1 Made by Me Introduction to Government and Nonprofit Financial Reporting Study Guide Page 1 Chapter 1 Made by Me Introduction to Government and Nonprofit Financial Reporting Study Guide.pdf
Chapter 1 Made by Me
Introduction to Government
and Nonprofit Financial
Reporting Study Guide
Page 1 of 8Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_1 of 8 2026-03-17
, Chapter 1 - Made by Me - Introduction to Government and Non profit financial reporting Page 2 Chapter 1 - Made by Me - Introduction to Government and Non profit financial reporting.pdf
General Purpose Government
Governments that provide a wide range of services to their residents (states, counties, cities).
Special Purpose Government
governments that provide only a single function or limited number of functions (school).
Characteristics that distinguish government and non-profit organizations from business organizations?
1. Dont expect to receive repayment or proportional benefits
2. Lacks a profit motive
3. Absence of transferable ownership rights
Characteristics of government organizations?
1. Power rests in hands of the people
2. People give power to officials through election process
3. Empowered by and accountable to higher-lever government.
4. Organization has power to tax
Page 2 of 8 2 of 8 2026-03-17
Chapter 1 Made by Me
Introduction to Government
and Nonprofit Financial
Reporting Study Guide
Page 1 of 8Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_1 of 8 2026-03-17
, Chapter 1 - Made by Me - Introduction to Government and Non profit financial reporting Page 2 Chapter 1 - Made by Me - Introduction to Government and Non profit financial reporting.pdf
General Purpose Government
Governments that provide a wide range of services to their residents (states, counties, cities).
Special Purpose Government
governments that provide only a single function or limited number of functions (school).
Characteristics that distinguish government and non-profit organizations from business organizations?
1. Dont expect to receive repayment or proportional benefits
2. Lacks a profit motive
3. Absence of transferable ownership rights
Characteristics of government organizations?
1. Power rests in hands of the people
2. People give power to officials through election process
3. Empowered by and accountable to higher-lever government.
4. Organization has power to tax
Page 2 of 8 2 of 8 2026-03-17
