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NGOs and NPOs are non-profit organizations that are independent of government and have humanitarian rather than commercial objectives. They use fund accounting to track restricted donations and grants. The key financial reports for NGOs/NPOs are the statement of financial position, statement of activities, and statement of cash flows. The statement of financial position shows assets, liabilities and net assets. The statement of activities shows revenue, expenses and changes in net assets. The statement of c

Author

Shieldon Vic Senajon Pinoon

Language

EN