Question

The comprehensive annual financial report (CAFR) is prepared by every governmental entity. Below is a listing...

The comprehensive annual financial report (CAFR) is prepared by every governmental entity. Below is a listing of the items in the CAFR. Place them in the proper order by numbering them in the space provided. (Assign a numeral from 1 to 12 (i.e., "1", "2") in each indicated cell.)

Balance sheet - governmental funds
Management’s discussion and analysis (MD&A)
Required supplementary information (other than MD&A)
Government-wide statement of activities
Statement of revenues, expenses, and changes in net position - proprietary fund
Reconciliation of the balance sheet of governmental funds to the statement of net assets, governmental activities
Notes to financial statements
Reconciliation of the statement of revenues, expenditures, and changes in fund balance to the statement of activities, governmental activities
Statement of net position - proprietary funds
Statement of revenues, expenditures, and changes in fund balances - governmental funds
Statement of cash flows
Government-wide statement of net position

Homework Answers

Answer #1

Solution:-

4 Balance sheet - governmental funds
1 Management’s discussion and analysis (MD&A)
12 Required supplementary information (other than MD&A)
3 Government-wide statement of activities
9 Statement of revenues, expenses, and changes in net position - proprietary fund
5 Reconciliation of the balance sheet of governmental funds to the statement of net assets, governmental activities
11 Notes to financial statements
7 Reconciliation of the statement of revenues, expenditures, and changes in fund balance to the statement of activities, governmental activities
8 Statement of net position - proprietary funds
6 Statement of revenues, expenditures, and changes in fund balances - governmental funds
10 Statement of cash flows
2 Government-wide statement of net position

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