Governmental and not for profit accounting - cafr, Finance Basics

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Obtain a copy of a Comprehensive Annual Financial Report (CAFR) for a state or local government for which you would have an interest. Answer the following questions regarding that report:

  • What information is included?
  • Is there any information that you find particularly interesting?
  • What do you consider to be the most useful statistical information?
  • Overall, do you feel that this section allows you to better understand the financial status of the governmental entity, or do you feel the information is marginal and should be eliminated?
  • Demonstrate an understanding of governmental and not-for-profit accounting and financial statements;

 


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