Which of the following factors and data sets require consideration in analyzing a government's financial condition: (a) the government's financial statements; (b) economic data, such as median household income and poverty rates; (c) demographic data, such as population trends; (d) managerial and administrative skills; (e) political will; (f) level and quality of service delivery to the citizenry?

Question

Quizplus · Accepted Answer

To assess financial condition, the analyst must consider not only the results of financial statement analysis, but also the numerous factors-economic, demographic, administrative, and political-that influence a government's previous, current, and likely future finances.

Which of the Following Factors and Data Sets Require Consideration