Governmental Accounting

Please watch this film called “Babette’s Feast”

Please write a blog post responding to one of the following prompts (500-1500 words).

1. Address how Axel’s film adaptation of “Babette’s Feast” frames spirituality and sensuality through the titular feast.

2. Address how Axel’s film adaptation of “Babette’s Feast” frames community through its depiction of insiders and outsiders.

3. Explore how Axel’s film tells the story visually versus through dialogue or voice over narration

Answer preview

As intimated in the paper’s introductory section, the subject article analyzes the confusion surrounding who should develop accounting standards to regulate governmental accounting. According to O’Donoghue and Hardiman (1989), the Governmental Accounting Standards Board (GASB) was created in 1984. Furthermore, during its establishment, the Financial Accounting Foundation granted GASB the power to develop generally accepted accounting principles (GAAPs) for governmental entities. Despite having this authority, O’Donoghue and Hardiman (1989) lament that GASB has failed to fully use it. GASB only reacted after the Financial Accounting Standards Board (FASB) released three standards aimed at governmental entities. According to O’Donoghue and Hardiman (1989), had the GASB failed to issue its standards, those issued by the FASB would have applied to governmental entities.

[680 Words]

Governmental Accounting