ACC 548 Week 4 Individual Assignment Comprehensive Annual Financial Report (UOP Course)

May 4th, 2015
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ACC 548 Week 4 Individual Assignment Comprehensive Annual Financial Report (UOP Course)

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WIDE-RANGING ANNUALFINANCIAL REPORTPRESENTATIONAN OVERVIEW OFCAFRCOMPREHENSIVE YEARLY FINANCIAL REPORTThere are three major sections included in the CAFR.1.2.3.Introductory Section In this section we get ideasabout the CAFR, its background and about otherachievement certificates and Letter of Transmittal.Financial Section Information on the Schedules,MD&A, and narratives, RSI, Basic Financial Statementsand also about various funds.Statistical Section Deals with Debt capacity,Operating Information along with the Revenue andEconomy.A VIEW OVER THE BASIC FINANCIAL STATEMENTSGovernment-Wide (G-W) Financial proclamationsStatement of Net Assets gives information that covers reporting government.Statement of Activities schemes from both government side and businessside.Government Funds Financial proclamationsLas Vegas the Balance SheetOn the basis of GAAP, the statement of Revenues, Expenditures, and alterationin City Fund Balances.The Budget and Actual statement of Revenues, expenses and amendment inFund Balances for the year.CONVERTING FUND FINANCIAL STATEMENTS TO GOVERNMENT-WIDEFINANCIAL STATEMENTSstarting descriptionThe essential building blocks for the Government-Wide financial statements areFund financial statements .Conversion of Fund Information to G-W information was G-W statementpreparation .It is the end of the year when the conversion process occurs

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