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Required Information for a Government's CAFR

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Both notes to the financial statements and required supplementary information (RSI) must be included in a government's CAFR. What, then, does it matter if information is provided in notes as opposed to RSI?

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This answer provides a discussion on why it matters if government CAFR information is provided in notes as opposed to RSI in 284 words with 5 references.

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Both notes to the financial statements and required supplementary information (RSI) must be included in a government's CAFR. What, then, does it matter if information is provided in notes as opposed to RSI? Hide problem.
The difference between the two is that a note to the financial statements provides information that is essential to the user's understanding of basic financial statements. On the other hand required supplementary information has budgetary comparison schedules.
The notes disclose the funded status of the ...

Solution provided by:
Hatim Baxamusa, MBA
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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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