ACC 548 Week 1 Comprehensive Annual Financial Report Briefing\tSelect\u00a0a government entity of your choice.\u00a0 It can be a state, county, city, town, school district, or any other government entity. Preferably select one in which you have a vested interest, such as where you live, work or send your kids to school.\tObtain\u00a0the Comprehensive Annual Financial Report (CAFR) for the entity you selected.\u00a0 You should be able to find the CAFR on the web site for the government entity. If not, contract the entity for a copy.\u00a0\u00a0\u00a0Note: this CAFR will be used for many activities throughout the course.\t\u00a0Scenario for this week:\u00a0\u00a0You are working as an accountant for the government entity you selected above.\u00a0 You have newly elected board members who are businesspeople from the community.\u00a0 These are highly successful and intelligent business people who know and appreciate private sector financial accounting.\u00a0 However, they know very little about government accounting.\tPrepare\u00a0a MS PowerPoint\u00ae\u00a0presentation for the new Board members.\u00a0 The presentation should be between 12 to 15 slides and include the following:\t\t\tDescription of the purpose of government accounting and financial reporting.\t\t\tComparison of private sector financial accounting with accounting for government and not-for-profit organizations\t\t\tAn overview and contrasting of government funds, propriety funds, and fiduciary funds. Include a list of the different funds within those categories and a brief explanation as to when and how these funds are used.\t\t\tDetailed description of government funds and the four types of government funds.\t\t\tDescription of the purpose and elements of financial reporting, budgeting and encumbrance accounting for government organizations.\u00a0\tSubmit\u00a0your completed Power Point presentation in the assignment section for the week<\/p>\n","protected":false},"excerpt":{"rendered":"
ACC 548 Week 1 Comprehensive Annual Financial Report Briefing Select\u00a0a government entity of your choice.\u00a0 It can be a state, county, city, town, school district, or any other government entity. Preferably select one in which you have a vested interest, 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-200114","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200114","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=200114"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200114\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}