Read Chapters 3 (Governmental Operating Statement Accounts) and Chapter 4 (Accounting for Governmental Operating Activities) of your Accounting for Governmental and Nonprofit entities Book (16th or 17th edition) and write a 1,700 word essay that covers the following topics:
-Difference between expenses and expenditures
-What is the importance of reporting budgeted and actual results
-Why are taxes important in governmental accounting?
-What are ad valorem? What is a property assessment?
-What is the difference between a special assessment, a license, a fine, and miscellaneous revenue?
-what are interfund loans and interfund transfers?
All essays must include an introduction and a conclusion. Turnitin similarity report must be under 10%. Do not copy paste text. Make sure to include at least 5 external references with in-text citations. Use APA style.
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