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

May 8th, 2015
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ACC 548 Week 4 Individual Assignment Comprehensive Annual Financial Report (UOP Course)

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WIDE-RANGING ANNUAL FINANCIALREPORT PRESENTATIONAN OVERVIEW OFCAFRCOMPREHENSIVE YEARLY FINANCIAL REPORTThere are three major sections included in the CAFR.1.2.3.Introductory Section In this section we get ideas about theCAFR, its background and about other achievement certificatesand Letter of Transmittal.Financial Section Information on the Schedules, MD&A, andnarratives, RSI, Basic Financial Statements and also about variousfunds.Statistical Section Deals with Debt capacity, OperatingInformation along with the Revenue and Economy.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 business side.Government Funds Financial proclamationsLas Vegas the Balance SheetOn the basis of GAAP, the statement of Revenues, Expenditures, and alteration in CityFund Balances.The Budget and Actual statement of Revenues, expenses and amendment in FundBalances for the year.CONVERTING FUND FINANCIAL STATEMENTS TO GOVERNMENT-WIDE FINANCIALSTATEMENTSstarting descriptionThe essential building blocks for the Government-Wide financial statements are Fundfinancial statements .Conversion of Fund Information to G-W information was G-W statement preparation .It is the end of the year when the conversion proces

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