Why is it important that financial accounting systems report performance fairly and factually

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July 4, 2020

Why is it important that financial accounting systems report performance fairly and factually

Question details:

1. Why is it important that financial accounting systems report performance fairly and factually? 300 words with reference

2. What are the differences in financial reports for a nonprofit entity versus a for-profit entity? Be specific and explain how these types of organizations are different – as well as alike. 300 words with reference

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