Purchase Solution

Purpose of Comprehensive Annual Financial Report (CAFR)

Not what you're looking for?

Ask Custom Question

What is the purpose of Comprehensive Annual Financial Report (CAFR)? What are the components of CAFR?

Purchase this Solution

Solution Summary

The solution discusses the purpose and the components of the CAFR. References are included.

Solution Preview

The CAFR is a government accounting standard with the purpose of presenting an accurate set of information regarding the financial holdings, enterprise, institutional funds, assets, and total investment incomes for the use of the public (government and non-government entities) that need it. The CAFR publicly shows the accounting of the government agency's financial data for reference and information purposes. The CAFR presents the budget which states the government agencies and their budgets for a specific financial period. CAFR reports the overall financial budget results to government operations which have their own budgets and investment account. However, each may have its own CAFR report in some cases such as those having financial data which are not combined with the general budget which the local government has presented ...

Purchase this Solution

Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.


This tests some key elements of major motivation theories.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.