Governmental accounting with for-profit financial accounting


You are working as the accountant for government, and you have newly elected board members who are businesspeople from the community. You require preparing an overview of government accounting to brief the new members.

Choose a Comprehensive Annual Financial Report (CAFR) for the government entity of your choice, preferably a community in which you live. Comprise a comparison of governmental accounting with for-profit financial accounting.

Explain the government reporting and reporting entity, and assess the Management Discussion and Analysis (MD&A) section for the governmental reporting unit.

Write down an overview of 1,050 to 1,400 words and submit it as a Microsoft Word document. You should use an abstract. Though a running head and conclusion are optional.

Format your overview according to the APA rule.

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Accounting Basics: Governmental accounting with for-profit financial accounting
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