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Publicly traded companies based on the matching principle

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Reference no: EM131765020

Accrual basis of accounting focuses on the financial reporting requirements for publicly traded companies based on the matching principle with an emphasis on providing relevant, timely and comparable information. The objective is to report financial performance (profitability) that can be used by the capital markets to allocate financial resources based upon results.

Since there is no profit motive in Not-For-Profit entities, what do you think is an objective of Not-For-Profit accounting?

Reference no: EM131765020

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