Business Assignment- The difficulties of developing principles

Business Assignment- The difficulties of developing principles

"Government Reporting" Please respond to the following: 

1. Determine the difficulties of developing principles that are appropriate for governments within different categories (i.e., cities versus countries), as well as the best way to address those difficulties.

2. Discuss possible solutions to the difficulties of establishing principles that enable governments to satisfy all three elements of GASB’s first objective of financial reporting in a single statement of revenue and expenditures or balance sheet. 

Additional Requirements 

Min Pages: 1 
Level of Detail: Only answer needed 
Other Requirements: answer should be 100-200 words max per question

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