compare budgeting methods for two different kinds of entities.You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year\’s budget and fundraising efforts—despite an increase in expenses—did not improve at all.

So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year\’s budget and fundraising efforts—despite an increase in expenses—did not improve at all.