Select Page

Assignment ContentPart #1:Review Federal Financial Reporting Objectives.Write a 175- to 350-word Briefly describe the user groups, their needs for information, and how these tie into the four objectives of federal financial reporting identified in the statement.Part #2:Download a copy of the most recent comprehensive annual financial report (CAFR) for a city of your choice. Many cities with 25,000 or more population provide internet access to their CFR’s. Familiarize yourself with the city’s CAFR and reread the section in Chapter 1 titled “Financial Reporting of State and Local Governments”.NOTE: you can usually access a city’s CAFR by doing a sear on “City of (name)” and looking for a link to the city’s departments. At that link, select Finance Department or a department with a similar function, such as Accounting and Budgeting, and look for “Financial Reports” or similar link.Answer questionsIntroductory SectionWhat has the city included in the introductory section of its CAFR?Does it include the items identified in the section of the text titled “Comprehensive Annual Financial Report”?Financial SectionAudit Report. Are the financial statements in the report audited by an independent CPA, state auditors, or auditors employed by the government being audited? Has the city received an unmodified audit report?Basic Financial Statements. Does the CAFR contain both government-wide financial statements and fund statements? How many financial statements have been included as part of the basic financial statements section of the CAFR?Notes to the Financial Statements. How many notes follow the required basic financial statements? Is there a phrase at the bottom of the basic financial statements indicating that the notes are an integral part of the financial statements?Other Supplementary Information. Following the notes to the financial statements, does the CAFR provide other supplementary information, such as combining and individual fund statements?Management’s Discussion and Analysis (MD&A). Does the CAFR contain and MD&A? If so, where is it located and what type of information does it contain?Statistical TablesWhat information has been included in this section of the CAFR

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.