Discussion of "Towards a framework for not-for-profit accounting"

This article analyzes the points made in the study "Towards a Framework for Not-for-Profit Accounting," by Haim Falk. The objectives of his work are to analyze theoretical explanations for not-for-profit (NFP) organizations, distinguish between those organizations and profit entities and propose an accounting framework that is consistent with both the economic nature of NFP entities and the nature of the donation. However, the author disagrees with Falk that organizational structure and its products instead of the type of transaction that determines accounting and control systems.