"Proprietary and Internal Service Funds" Please respond to the following: Speculate as to why GASB Statement No. 34 changed the reporting requirements for internal service funds. Do you agree or di

“Proprietary and Internal Service Funds” Please respond to the following:

Speculate as to why GASB Statement No. 34 changed the reporting requirements for internal service funds. Do you agree or disagee? Explain.

Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the direct or indirect method.

At least 2 college level paragraphs. Use examples if applicable. Thank you.

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