Describe the difference between a comprehensive annual financial
report (CAFR) and GASB general purpose external financial...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Describe the difference between a comprehensive annual financialreport (CAFR) and GASB general purpose external financial reportingfor state and local governments.
Answer & Explanation
Solved by verified expert
4.4 Ratings (723 Votes)
ANSWER Step1 Meaning of Comprehensive Annual Financial Reports and General Accounting Standards Board COMPREHENSIVE ANNUAL FINANCIAL REPORTS CAFR It is an instrument or a set of financial statements and reports which contains all the information about public finance and how this public finance is used in different ways for the States This report provides a thorough view on how city or local and state
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
