Why would a government be more likely than a not-for-profit organization to integrate its budget into its accounting system?
A) Because the amount of expenditures is likely to be greater.
B) Because the penalties for exceeding budgeted expenditures are more severe.
C) Because governments have more sophisticated accounting systems than not-for-profit organizations.
D) Governments are NOT more likely than not-for-profits to formally integrate their budget into their accounting system.

Question

Quizplus · Accepted Answer

Governments often face stricter legal and regulatory requirements regarding budget adherence, making it crucial to integrate budgets into their accounting systems to avoid severe penalties for exceeding budgeted expenditures.

Why Would a Government Be More Likely Than a Not-For-Profit