In addition to the Balance Sheet, Statement of Net Cost and Statement of Changes in Net Position, Federal government reporting standards includes which of the following:

Question

Quizplus · Accepted Answer

Federal agencies must include the following in its financial reporting; MD&A, Audit report, Balance Sheet, Statement of Net Cost, Statement of Changes in Net Position, Statement of Budgetary Resources, Statement of Custodial Activity if applicable, Statement of Social Insurance if applicable) and RSI.

In Addition to the Balance Sheet, Statement of Net Cost