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Assignment 2
Week 3: Ch. 9 Exercise: Examine the CAFR
Click the Access Point to Wk 3: Ch. 9 Exercise: Examine
the CAFR
Utilize the CAFR obtained for 4-15 in Week 2.
Complete the following in Exercise 9-15: A B (1) C on p. 397
Submit your assignment.
Week 3: Ch. 9 Exercise: Examine the CAFR
-15
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Examine
the CAFR. Utilizing
the CAFR obtained for Exercise 1-16 and your answers to the questions asked
in Exercise 1-16 and the corresponding exercises in Chapters
2 through 8,
comment on the following:
- Analysis
of Introductory Section. Does
the report contain all of the introductory material recommended by the
GASB? Is the introductory material presented in such a manner that it
communicates significant information effectively—do you understand what
the government is telling you? On the basis of your study of the entire
report, do you think the introductory material presents the information
fairly? Comment on any information in the introductory section you feel
is unnecessary, and explain why.
- Analysis
of Financial Statements.
- Do the statements, notes,
and schedules in the financial section present the information required
by the GASB? Are Total columns provided in the basic financial
statements and schedules for the primary government and the reporting
entity? If so, are the Total columns for the current year compared with
Total columns for the prior year?
- Review your answers to
the questions asked in Exercises 3-15 and 4-15 in light of your study
of subsequent chapters of the text and your analysis of all portions of
the annual report. Based on your current knowledge and understanding of
government accounting, would you change or modify any of your earlier
answers? If so, explain how you would change them and why you would
change them.
- Analysis
of Statistical Section. Does
the statistical section present information in the five categories
defined by the GASB? What tables and schedules are presented for each
category? Does the information provided in each category appear to meet
the purpose of the category? Explain your response.
- Service
Potential of the CAFR. In
your opinion, what are the most important information needs that the governmental annual report should fulfill each of the following:
- Administrators.
- Members of the
legislative branch.
- Interested residents.
- Creditors or potential
creditors.
In
what ways does the CAFR you have analyzed meet the information needs you have
specified for each of the four groups, assuming that members of each group
make an effort to understand reports equivalent to the effort you have made?
In what way does the report fail to meet the information needs of each of the
four groups?
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