Omprehensive Annual Fnancial Report Briefing
You are working as an accountant for the government, and you have newly elected board members who are businesspeople from the community. You need to prepare an overview of government accounting to brief the new members. (I LIVE IN WICHITA KANSAS SO IF YOU COULD FIND SOMETHING RELATED TO WICHITA THAT WOULD BE GREAT. IF NOT, PLEASE USE SOMEWHERE WITHIN THE UNITED STATES).
Select a Comprehensive Annual Financial Report (CAFR) for a government entity of your choice, preferably a community in which you live. Include a comparison of governmental accounting with for-profit financial accounting.
Write an overview of no more than 1,400 words and submit it as a Microsoft Word document.
Describe the government reporting and reporting entity, and evaluate the Management Discussion & Analysis (MD&A) section for the governmental reporting unit.
Format your overview consistent with APA guidelines.