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A. For Fauquier County CAFR Review -analyze the governmental entity - its challenges and performance. Your analysis must include, but should not be limited to the issues raised below. The student is required to assess the governmental entity's performance - do not repeat what is in the MD&A - but present in your own words a discussion of your assessment of the entity's performance, using information in the CAFR and other analyses you perform to support your conclusions. (You can see the example of assignment B example (Culpeper County) to have an idea for assignment A.)
1. What challenges does the city face based on a review of the Management, Discussion, and Analysis?
2. What are specific key performance (operating or financial) metrics used to gauge performance of city services? Do you agree these are good metrics to use? Why or why not?
3. Identify the Bond Rating of the reporting entity? What is the economic outlook and financial challenges for the city?
4. Determine the following ratios, discuss and analyze the city's performance accordingly: 1) long-term debt vs. total assets, 2) debt service payments from the bond and interest fund vs. governmental expenditures, and 3) amount of general obligation bonds outstanding vs. population.
Find decisions that managers like Choi must make in applying depreciation methods and is Choi's rule an ethical violation, or is it a legitimate decision in computing depreciation?
Management accountants usually plan for a small positive cash balance in their cash budgets for all of the following reasons except and Labor efficiency has sometimes been incorrectly referred to in class
Find who are stakeholders in this situation and Explain what are Curtis's ethical obligations to the corporation? and to his friend ?
You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.
Ethical Dilemma What's an expense?
Accounting for bad debt expense
These shares were classified as a long-term available for sale investment. It sold the shares on 13th December for $42,100. Organize the journal entry to record this sale.
Determine the provided expressions using the a, b, and c from your birth date.
Principal business activity is plumbing installation and repair and its business code number is 238220. It files its income tax returns on this calendar-year basis.The partnership requires maximizing its cost recovery deductions for tax purposes
Evaluate her net pay for the eight days' work paid on February 26.
Explain in detail an ethical dilemma in business that you or a coworker experienced and how it was resolved and besides the TV test, do you know of other tests for ethical decision making?
What will be the effect of the price increase on the firm's FCF for the year?
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