Comprehensive annual financial report (CAFR) is the report that encompasses all funds and account groups of the primary government (including its blended component units) . The CAFR should also encompass all discretely presented component units of the reporting entity. Every CAFR must contain three basic sections are given below please choose the correct option:
A) Introductory - Provides general information on the government's structure, personnel, and finances.
B) Comparability - Reports should be generally consistent to provide a comparison between entities.
C) Financial - Provides information on fund types, individual funds, and account groups.
D) Statistical - Provides trend and demographic data to present financial indicators and other useful information to assess a government's financial condition.
Correct Answer:
Verified
Q111: A budget is a financial plan that
Q112: The first step in managing performance is
Q113: Capital budgeting is often based on the
Q114: An integrated budget provides the mechanism to
Q115: The budget authority is generally a "ceiling"
Q117: The primary purpose of _ was to
Q118: General Funds are the chief operating fund
Q119: Although a government can have as many
Q120: The primary purpose of financial reporting is
Q121: The right of the public to protect
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents