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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?

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

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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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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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