Utilize\u00a0the CAFR obtained for 4-15 in Week 2.\tComplete\u00a0the following in Exercise 9-15:\t\t\tA\t\t\tB (1)\t\t\tC on p. 397\tClick\u00a0the Assignment Files tab to submit your assignment.\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tExamine the CAFR.\u00a0Utilizing the CAFR obtained for Exercise 1-16 and your answers to the questions asked in Exercise 1-16 and the corresponding exercises in\u00a0Chapters 2\u00a0through\u00a08, comment on the following:\t\t\t\t\t\t\t\t\ta. \ufffd Analysis of Introductory Section.\u00a0Does 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”\ufffddo 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.\t\t\t\t\t\t\t\t\tb.\u00a0\u00a0\u00a0\u00a0 Analysis of Financial Statements.\t\t\t\t\t\t\t\t\t1.\u00a0\u00a0\u00a0\u00a0 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?\t\t\t\t\t\t\t\t\t2.\u00a0\u00a0\u00a0\u00a0 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.\t\t\t\t\t\t\t\t\tc. \ufffd Analysis of Statistical Section.\u00a0Does 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.\t\t\t\t\t\t\t\t\td.\u00a0\u00a0\u00a0\u00a0 Service Potential of the CAFR.\u00a0In your opinion, what are the most important information needs that a governmental annual report should fulfill for each of the following:\t\t\t\t\t\t\t\t\t1.\u00a0\u00a0\u00a0\u00a0 Administrators.\t\t\t\t\t\t\t\t\t2.\u00a0\u00a0\u00a0\u00a0 Members of the legislative branch.\t\t\t\t\t\t\t\t\t3.\u00a0\u00a0\u00a0\u00a0 Interested residents.\t\t\t\t\t\t\t\t\t4.\u00a0\u00a0\u00a0\u00a0 Creditors or potential creditors.\t\t\t\t\t\t\t\t\tIn 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?<\/p>\n","protected":false},"excerpt":{"rendered":"
Utilize\u00a0the CAFR obtained for 4-15 in Week 2. Complete\u00a0the following in Exercise 9-15: A B (1) C on p. 397 Click\u00a0the Assignment Files tab to submit your assignment. \u00a0 Examine the CAFR.\u00a0Utilizing the CAFR obtained for Exercise 1-16 and your Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-199464","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=199464"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=199464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=199464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=199464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}