The comprehensive annual financial report (CAFR) includes general purpose external financial statements. These statements are...
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Accounting
The comprehensive annual financial report (CAFR) includes general purpose external financial statements. These statements are divided into three distinct sections. 1. Managements discussion and analysis (MD&A) 2. Financial statements a. Government-wide financial statements. b. Fund-based financial statements. c. Notes to the financial statements. 3.Required supplementary information. Please discuss each of the above three distinct sections of the comprehensive annual financial report (CAFR). Be thorough in your response. Use various sources to validate your thoughts.
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