Evaluation of a Comprehensive Annual Financial Report for a government entity
Prepare an overview of government accounting for a business person, using the State of Georgia as an example. Describe the entity and evaluate the Management Discussion & Analysis (MD&A) section.
Comparing this report to a for-profit report, I see many differences. For instance, I see governmental activities and business-type activities separated on the balance sheet and then a total for these two. Instead of an income statement with revenues less expenses to show a profit "bottom line," I see a statement of activities by programs and function with a "net" change in assets instead of net ...
Your tutorial is 207 words and a reference and discusses the State of Georgia. Good and weak aspects are mentioned.