Financial Reporting Review of Local Government

    Week 4 Appointment 2 - Banking Advertisement Review of Bounded Government Overview Refer to the readings, discussions, and appointment for Weeks 1–3 for this assignment. Review the banking statements and assay letters for a bounded canton or city of your choice. The banking statements of the government you called should accept at atomic three funds. Instructions Write a 3–5 folio cardboard in which you do the following: Analyze and adverse the Comprehensive Annual Banking Address (CAFR) of the called bounded government article with the government article articular in the Week 1 homework. In your comparison, accommodate the following: The advertisement adjustment of the CAFR. Assay and account advice in the CAFR. The blazon of assay address issued. The actuality or antithesis of an centralized assay action aural the government entity. Prepare the assay for the called bounded government entity, including advice on the introduction, banking section, and statistical area able in the Continuing Problem CAFR from Chapter 2. Analyze the methods acclimated by the called bounded government article in comparing the budget-to-actual reports. Accommodate in your assay an appraisal of the base of accounting acclimated for the account and banking statements. Analyze the sources of acquirement for the called bounded government. Accommodate advice on both authoritative and business-type activities, examining: Advice about the accepted fund. Various administration altercation and assay items of note. Year-to-year variations in the tax levels of income. Deferred revenue. Property taxes and how they are accounted for alternative sources articular as primary acquirement for the entity. This advance requires the use of Strayer Writing Standards. For abetment and information, amuse accredit to the Strayer Writing Standards articulation in the left-hand card of your course. Check with your assistant for any added instructions. The specific advance acquirements outcome associated with this assignment: Analyze the banking advertisement of a bounded government, including advice on authoritative and business-type activities accompanying to sources of revenue. Required CAFRs - The Town of Winston-Salem, NC's CAFR is the CAFR to use to analyze to the Town of Cary, NC for this assignment.  The towns are agnate in admeasurement and beneath the aforementioned accompaniment government, authoritative the comparisons meaningful. https://www.cityofws.org/DocumentCenter/View/11683/2019-City-of-Winston-Salem-Comprehensive-Annual-Financial-Report?bidId= Assignment 1 Requirements Explained 2021.docx

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