Analyze methods used by selected local government entity

Assignment Help Accounting Basics

Reference no: EM132348260

Assignment: Write a three- to five-page paper in which you do the following:

1. Compare and contrast the Comprehensive Annual Financial Report (CAFR) of the selected local government entity with the government entity identified in the Week 1 homework. In your comparison, include the following:

• The publication method of the CAFR;

• Audit and budget information in the CAFR;

• The type of audit report issued; and

• The existence or nonexistence of an internal audit function within the government entity.

2. Prepare the analysis for the selected local government entity, including information on the introduction, and financial section.

3. Analyze the methods used by the selected local government entity in comparing the budget-to-actual reports. Your analysis should include an evaluation of the basis of accounting used for the budget and financial statements.

4. Analyze the sources of revenue for the selected local government. Your analysis should include information on both governmental and business-type activities of the government. In your report, be sure to examine the following:

• Property taxes and how they are accounted for;

• Other sources identified as primary revenue for the entity;

• Deferred revenue;

• Year-to-year variations in the tax levels of income;

• Various management discussion and analysis items of note; and

• Information about the general fund.

Reference no: EM132348260

Questions Cloud

Who is harmed by the wealth-shifting : How can the majority shareholder shift wealth through accounting cost allocations and transfer pricing? Who is harmed by the wealth-shifting discussed.

Emotional intelligence in developing : How can we apply the power of emotional intelligence in developing our capabilities to manage pressure and maintain balance with Emotional Intelligence?

Students will be assigned to group to conduct the research : Students will be assigned to group to conduct the Research. The group will work together to find research materials and develop the research paper-presentation

What steps does the project manager : What steps does the project manager and team need to take to fairly award a RFP?

Analyze methods used by selected local government entity : Analyze the methods used by the selected local government entity in comparing the budget-to-actual reports. Your analysis should include an evaluation.

Project team take to help narrow the margins : What steps can the PM and the project team take to help narrow the margins?

List and describe key organisational policies and procedures : List and describe key organisational policies and procedures regarding cost management and explain why they are important for all team members.

Responsible for creating requirements documents : Would you say a business analyst would be responsible for creating requirements documents?

How the government classify its governmental expenditures : How does the government classify its governmental expenditures, by function or by "object?" How many capital projects funds does the government maintain

User Account

All Pages