Cedar Falls Report Analysis Accounting, Finance, SPSS Research Paper (Research Paper Sample)
Review the Comprehensive Annual Financial Report (CAFR) for 2013 from the city of Cedar Falls, Iowa, and answer the following questions.
Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.
Read the management discussion and analysis (MD&A) section on page 18 and describe 2 or more significant areas that were addressed by management.
From the notes of the financial statements starting on page 46, describe which accounting policies are being utilized by the city.
What did you discover in the statistical section?
How is the city doing?
Provide an analysis.
Examine the funds listed under the budget on page 37 and discuss how they are being utilized by Cedar Falls. Include some examples of items that would be included in these funds and any restrictions that might apply.
By looking at the budget starting on page 81, choose 2 different funds and discuss how they are being utilized by Cedar Falls. Include some examples of items that would be included in these funds and any restrictions that might apply.
Define and give examples of the infrastructure assets that are held by Cedar Falls.
Describe the circumstances, and provide the journal entries for the 2 entries that are going in to the general fund.
For example, 1 entry goes into the debt service fund and 1 goes into the capital projects fund.
Please submit your assignment.
Cedar falls report link
Cedar Falls Report Analysis
Cedar Falls Report Analysis
How Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34, with a brief outline that showcases the flow
A review of the outline of the brief shoes that it follows the outline shown below;
Management discussion and Analysis (MD&A); this presents an in-depth analysis of the management of the county. It shows the different levels of management and the individuals ta d with the management. Further, the management initiatives in place are then presented. It shows how the individuals in power lead the region (Management accounting research, 2000). Eventually, the effectiveness of these management initiatives is presented. The need for a change in management is deduced from the management analysis presented in this section.
Government wide financial statements; wide financial statements show how the government spends money and capital allocation (Bhimani, 2006). It also gives a rough picture of the available government resources that are allocated to the management. It also shows how the public funds are spent.
Fund financial statements; these statements show how projects are funded and the expenditure of the allocated and funded amounts. The financial statements can also be used to evaluate whether the funds available for project management and progress are used effectively. It also reflects on the financial decisions made by the management and the influence that this has on the projects and initiatives in progress within the area.
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