Comprehensive Annual Financial Report Briefing: State of GA
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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.
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Solution Summary
Your tutorial is 207 words and a reference and discusses the State of Georgia. Good and weak aspects are mentioned.
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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 ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
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