Financial Management for Public, Health, and Not-for-Profit Organizations
-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?
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,……………………………..