Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Locate a comprehensive annual financial report (CAFR) using a city's Web site, or one from the "Project Pages/Statement 34" link of the GASB's

Using the chosen CAFR, go to the required supplementary information (RSI) section, immediately following the notes to the financial statements, and locate the budgetary comparison schedule (note: this schedule may be titled schedule of revenues, expenditures, and changes in fund balances-budget and actual) for the General Fund and major special revenue funds. If this schedule is not included in the RSI, then the city you have selected is one that elects to prepare an audited statement of revenues, expenditures, and changes in fund balances-budget and actual as part of the basic financial statements. Also, locate the GAAP operating statement for governmental funds called the statement of revenues, expenditures, and changes in fund balances-governmental funds in the basic statements (note: this statement does not contain any budgetary information). Examine the schedule and/or statements, as the case may be, and prepare a brief report that responds to the following question

a. Are revenues and/or expenditures presented in greater detail in the budgetary comparison schedule (or statement) than in the GAAP operating statement? If so, why, in your judgment, is this the case?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92556591
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - natalie is busy establishing both divisions of

Question - Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two ...

Question - on january 2 2017 alpha corporation issued 15000

Question - On January 2, 2017, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, ...

Question - on 1 january 2015 image plus ltd acquired

Question - On 1 January 2015 Image Plus Ltd acquired electronic equipment for $18 000, net of GST. It is estimated it will have no residual value. If depreciation is provided at 10% p.a. on the diminishing-balance basis, ...

Question -what are the factors that affect the decision to

Question - What are the factors that affect the decision to prosecute an entity? How can computers and technology help in investigating a fraud? What kinds of challenges can the involvement of technology present to a cas ...

Quesiton instructions first locate the financial statement

Quesiton: Instructions: First, locate the financial statement (10 - K Annual Reporting) information for each company (listed below) that you will be investigating for your final project. This information can be found on ...

Question - anwer owns a rental home and is involved in

Question - Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,000 from renting the home. His other sources of income during the year are a salary of ...

Questions -1 discuss the importance of accurate product

Questions - 1. Discuss the importance of accurate product costing. In your discussion you should highlight the problems associated with using traditional costing system which Beztec has been using. 2. Calculate the cost ...

Question -what are the factors that affect the decision to

Question - What are the factors that affect the decision to prosecute an entity? How can computers and technology help in investigating a fraud? What kinds of challenges can the involvement of technology present to a cas ...

Fundamentals of value creation in business assignment -

FUNDAMENTALS OF VALUE CREATION IN BUSINESS ASSIGNMENT - ACCOUNTING Requirements - 1. The following is a list of companies from the latest ASX. These companies are carefully chosen to suit this project and the learning ou ...

Accounting fundamentals assignment -financial statement

Accounting Fundamentals Assignment - Financial Statement Analysis - This assignment involves analysing the financial statements and other information relating to a number of Australian public companies. These companies a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As