Why is it difficult to develop accounting principles that are appropriate for governments within the same category (e.g., cities, counties) and even more difficult to develop them for governments within different categories?

Instructions: Provide complete answers to the following two problems.

Why is it difficult to develop accounting principles that are appropriate for governments within the same category (e.g., cities, counties) and even more difficult to develop them for governments within different categories?
Upon examining the balance sheet of a large city, you notice that the total assets of the general fund far exceed those of the combined total of the city’s ten separate special revenue funds. Moreover, you observe that there are no funds for public safety, sanitation, health and welfare, and general administration—all important functions of the government.

Why do you suppose the city hasn’t attempted to ‘‘even out’’ the assets in the funds?
Why does it not maintain funds for each of its major functional areas?

Requirements:

Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. For computations, please include them in a table.
For written answers, please make sure your responses are grammatically correct and free from spelling errors.
Follow the CSU-Global Guide to Writing and APA Requirements.
Review the grading rubric, which can be accessed from the Course Information page. Reach out to your instructor if you have any questions about the assignment.

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.