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Please use intext citation and have a reference page. Discussion: Analyzing Financial Reports
Financial reports tell the story of an organization
within a fiscal year. Annual financial reports are extremely valuable to
government organizations because they give both the administrators in
the organization and the public who are funding the organization a sense
of where revenue is going.
In this Discussion, you analyze an organization’s
comprehensive annual financial report (CAFR) and explain its value to
the organization.
Review this week’s Learning Resources and reflect on
the responsibility of government organizations to provide accurate
financial reports to the public. Then, select a public organization and a
specific CAFR from the selected organization. Public organization
budgets are required by law to be available. An Internet search will
yield an annual budget for your specific organization.
With these thoughts in mind:
By Day 4
Post a brief description of the
organization you selected. Then, provide an analysis of that
organization’s CAFR. In your analysis, explain what the report tells the
stakeholders of the organization and the value of the report to the
organization.
Be sure to support your posting and responses with specific references to the Learning Resources.
Learning Resources
Required Readings
Mikesell, J. L. (2014). Fiscal administration: Analysis and applications for the public sector (9th ed.). Boston, MA: Wadsworth.
- Chapter 2, “The Logic of the Budget Process” (pp. 38–83)
Governmental Accounting Standards Board. (2014). Retrieved from http://www.gasb.org
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