9 7 general purpose external financial reports

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ose external financial reports include management’s discussion and analysis, basic financial statements and related notes, and required supplementary information. A CAFR provides information beyond the minimum requirements of the general purpose external financial statements. Included in a CAFR are all general purpose external financial report information, an auditor’s report (as appropriate), a narrative section (introductory section), combining and individual fund statements and schedules, and a statistical section. 9-8. The nine required statements are: • The two government-wide financial statements—statement of net assets and statement of activities. • The two governmental fund financial statements—balance sheet; and statement of revenues, expenditures and changes in fund balances. • The three proprietary fund financial statements—statement of net assets; statement of revenues, expenses and changes in fund net assets; and statement of cash flows. • The two fiduciary fund financial statements—statement of fiduciary net assets and statement of changes in fiduciary ne...
View Full Document

This note was uploaded on 05/20/2010 for the course ACCOUNTING 580 taught by Professor Waymire during the Spring '10 term at Northern Virginia.

Ask a homework question - tutors are online