Description
Proper APA formate is a must! To include intro and conclusion with in text citations. 2-3 references. Paying for 6 pages, but no less than 5.
Part A:
Below is a list of items that could appear in a CAFR report.
- Legal debt limits and debt margins
- 10-year trend data
- Notes to financial reports
- Property tax levy and collection information
- Budgetary schedules
- Auditor's report
- Letter of transmittal
- Description of the government's financial condition
- Financial highlights for the fiscal year
- Defined benefit pension plan schedules
Required:
The GASB requires that information be reported in certain sections of the CAFR. For each of the items listed, indicate whether the item would be reported in the following sections and the reason for doing so:
I - Introductory section
F - Financial section
S - Statistical section
MDA - MDA portion of the Financial section
RSI - RSI portion of the Financial section
Part B:
- Assuming that a government has governmental, proprietary, and fiduciary funds, identify and briefly explain the nine financial statements that must be prepared for the Comprehensive Annual Financial Report.
- When conducting a financial analysis, ratios based solely on governmental fund financial statements would not be considered sufficient for assessing economic condition. Explain why this statement would be true or false.
Required:
- Submit your responses to Parts A B in a 4-6-page Microsoft Word document.
- Ensure your responses are well-written.
- Be sure to follow the formatting guidelines outlined in the CSU Global Writing Center (Links to an external site.) .
- Include at least two scholarly references in addition to the course textbook. The CSU Global Library is a good place to find these references.