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    Government-wide financial statements

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    How do government-wide financial statements add information not available in fund financial statements?

    © BrainMass Inc. brainmass.com March 4, 2021, 9:48 pm ad1c9bdddf
    https://brainmass.com/business/the-role-of-government-and-regulation/government-wide-financial-statements-273295

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    "In government wide financial statements, all governmental and business type activities are consolidated into columns which add to a total for the primary government. These statements combine governmental funds' current financial resources with capital assets and long-term obligations. These statements also present total column for the business-type activities of the primary government."

    The government wide financial statement, which is prepared using accrual accounting, not only measures current assets and liabilities but also longer term ...

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    How do government-wide financial statements add information not available in fund financial statements?

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