Provide complete answers to the following two problems:
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- What are the five environmental factors relating to how governments are different from commercial businesses as described by GASB in a white paper entitled: Why Governmental Accounting and Financial Reporting Is – and Should Be – Different? (Links to an external site.)
- Contrast the economic resources measurement focus and the current financial resources measurement focus with regard to the accounting treatment of long-term debt.
In your analysis, include the following:
- An introduction
- Requirements 1 – 2
- Submit your responses to the questions in a one- to two-page document in MSWord. Label each question clearly. For computations, please include them in a table.
- For written answers, please make sure your responses are well written.
- Follow the CSU-Global Guide to Writing & APA Requirements (Links to an external site.).
- The required number of pages for the assignment does not include the title page and references page.
Review the grading rubric, which can be accessed in the Module 1 folder. Reach out to your instructor if you have any questions about the assignment.