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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...
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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.
- Spring '10