1. How is it helpful for a private not-for-profit organization to account for current funds as restricted or unrestricted? 2. The FASB requires for-profit entities to classify their investments as...

1. How is it helpful for a private not-for-profit organization to account for current funds as restricted or unrestricted?

2. The FASB requires for-profit entities to classify their investments as trading, available-for-sale, or held-to-maturity. However, it does not require not-for-profit entities to do the same. What might be the reasoning for this difference in requirements? Which approach is more beneficial to the readers of the financial statements of a not-for-profit organization? Why?