What Are Some of the Similarities and Differences Between Not-For-Profit

question 117

Essay

What are some of the similarities and differences between not-for-profit organizations and for-profit businesses from an accounting standpoint?

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Definitions:

Proprietary

Refers to technology, software, or processes owned exclusively by an organization or individual, often protected by copyright or patents.

Developer

A professional who creates and maintains software or applications, skilled in programming languages and software development methodologies.

Open Systems

Computing products that work together by using the same operating system with compatible software on all the computers that interact in an organization.

Computing Products

Electronic devices and software used for processing, storing, and communicating information.