Explain the Differences Among Innovations,discoveries,inventions,and Diffusion

question 13

Essay

Explain the differences among innovations,discoveries,inventions,and diffusion.Give examples of each to clarify the differences.

Understand accounting and reporting practices for capital assets and related contributions in not-for-profit organizations.

Comprehend the requirements and methods for accounting for donated goods and services in not-for-profit organizations.

Identify the purposes of using an encumbrance system in budgeting and accounting for not-for-profit entities.

Apply knowledge of differences between not-for-profit organizations and business enterprises in financial reporting.