Modified accrual basis of accounting


Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question clearly. For written answers.

How does the modified accrual basis of accounting differ from the accrual basis?

What are the three sections of a comprehensive annual financial report (CAFR)? What information is contained in each section? How do the minimum requirements for general purpose external financial reporting related in scope to the CAFR?

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Accounting Basics: Modified accrual basis of accounting
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