Week 4 assignment 2 – financial reporting review of local government

 

Week 4 Assignment 2 – Financial Reporting Review of Local Government

Overview

Refer to the readings, discussions, and homework for Weeks 1–3 for this assignment.

  • Review the financial statements and audit reports for a local county or municipality of your choice.
  • The financial statements of the government you selected should have at least three funds.

Instructions

Write a 3–5 page paper in which you do the following:

  • Compare and contrast the Comprehensive Annual Financial Report  (CAFR) of the selected local government entity with the government  entity identified in the Week 1 homework.     
    • In your comparison, include the following:       
      • The publication method of the CAFR.
      • Audit and budget information in the CAFR.
      • The type of audit report issued.
      • The existence or nonexistence of an internal audit function within the government entity.
  • Prepare the analysis for the selected local government entity,  including information on the introduction, financial section, and  statistical section prepared in the Continuing Problem CAFR from Chapter  2.
  • Analyze the methods used by the selected local government entity in comparing the budget-to-actual reports.
  • Include in your analysis an evaluation of the basis of accounting used for the budget and financial statements.
  • Analyze the sources of revenue for the selected local government.
  • Include information on both governmental and business-type activities, examining:     
    • Information about the general fund.
    • Various management discussion and analysis items of note.
    • Year-to-year variations in the tax levels of income.
    • Deferred revenue.
    • Property taxes and how they are accounted for other sources identified as primary revenue for the entity.

This course requires the use of Strayer Writing Standards. For  assistance and information, please refer to the Strayer Writing  Standards link in the left-hand menu of your course. Check with your  professor for any additional instructions.

The specific course learning outcome associated with this assignment:

  • Analyze the financial reporting of a local government, including  information on governmental and business-type activities related to  sources of revenue.

Required CAFRs –

The Town of Winston-Salem, NC‘s CAFR is the CAFR to use to compare to the Town of Cary, NC for this assignment.  The towns are similar in size and under the same state government, making the comparisons meaningful.

https://www.cityofws.org/DocumentCenter/View/11683/2019-City-of-Winston-Salem-Comprehensive-Annual-Financial-Report?bidId= 

Assignment 1 Requirements Explained 2021.docx

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more