{"id":55993,"date":"2022-04-25T13:40:21","date_gmt":"2022-04-25T13:40:21","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/week-4-assignment-2-financial-reporting-review-of-local-government\/"},"modified":"2022-04-25T13:40:21","modified_gmt":"2022-04-25T13:40:21","slug":"week-4-assignment-2-financial-reporting-review-of-local-government","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/week-4-assignment-2-financial-reporting-review-of-local-government\/","title":{"rendered":"Week 4 assignment 2 &#8211; financial reporting review of local government"},"content":{"rendered":"<div>\n<p>\u00a0<\/p>\n<h3>Week 4 Assignment 2 &#8211; Financial Reporting Review of Local Government<\/h3>\n<h4>Overview<\/h4>\n<p>Refer to the readings, discussions, and homework for Weeks 1\u20133 for this assignment.<\/p>\n<ul>\n<li>Review the financial statements and audit reports for a local county or municipality of your choice.<\/li>\n<li>The financial statements of the government you selected should have at least three funds.<\/li>\n<\/ul>\n<h4>Instructions<\/h4>\n<p>Write a 3\u20135 page paper in which you do the following:<\/p>\n<ul>\n<li>Compare and contrast the Comprehensive Annual Financial Report \u00a0(CAFR) of the selected local government entity with the government \u00a0entity identified in the Week 1 homework. \u00a0\u00a0\u00a0\u00a0\n<ul>\n<li>In your comparison, include the following: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n<ul>\n<li>The publication method of the CAFR.<\/li>\n<li>Audit and budget information in the CAFR.<\/li>\n<li>The type of audit report issued.<\/li>\n<li>The existence or nonexistence of an internal audit function within the government entity.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Prepare the analysis for the selected local government entity, \u00a0including information on the introduction, financial section, and \u00a0statistical section prepared in the Continuing Problem CAFR from Chapter \u00a02.<\/li>\n<li>Analyze the methods used by the selected local government entity in comparing the budget-to-actual reports.<\/li>\n<li>Include in your analysis an evaluation of the basis of accounting used for the budget and financial statements.<\/li>\n<li>Analyze the sources of revenue for the selected local government.<\/li>\n<li>Include information on both governmental and business-type activities, examining: \u00a0\u00a0\u00a0\u00a0\n<ul>\n<li>Information about the general fund.<\/li>\n<li>Various management discussion and analysis items of note.<\/li>\n<li>Year-to-year variations in the tax levels of income.<\/li>\n<li>Deferred revenue.<\/li>\n<li>Property taxes and how they are accounted for other sources identified as primary revenue for the entity.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>This course requires the use of Strayer Writing Standards. For \u00a0assistance and information, please refer to the Strayer Writing \u00a0Standards link in the left-hand menu of your course. Check with your \u00a0professor for any additional instructions.<\/p>\n<p>The specific course learning outcome\u00a0associated with this assignment:<\/p>\n<ul>\n<li>Analyze the financial reporting of a local government, including \u00a0information on governmental and business-type activities related to \u00a0sources of revenue.<\/li>\n<\/ul>\n<p><strong>Required CAFRs\u00a0&#8211;<\/strong><\/p>\n<p>The Town of\u00a0<strong>Winston-Salem,\u00a0NC<\/strong>&#8216;s\u00a0CAFR is the CAFR to use to compare to the\u00a0<strong>Town of Cary, NC<\/strong>\u00a0for this assignment.\u00a0 The towns are similar in size and under the same state government, making the comparisons meaningful.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cityofws.org\/DocumentCenter\/View\/11683\/2019-City-of-Winston-Salem-Comprehensive-Annual-Financial-Report?bidId=\"><u>https:\/\/www.cityofws.org\/DocumentCenter\/View\/11683\/2019-City-of-Winston-Salem-Comprehensive-Annual-Financial-Report?bidId=<\/u><\/a>\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blackboard.strayer.edu\/bbcswebdav\/pid-35822228-dt-content-rid-209288270_2\/xid-209288270_2\"><u><strong>Assignment 1 Requirements Explained 2021.docx<\/strong><\/u><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Week 4 Assignment 2 &#8211; Financial Reporting Review of Local Government Overview Refer to the readings, discussions, and homework for Weeks 1\u20133 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-55993","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/55993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=55993"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/55993\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=55993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=55993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=55993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}