Obtain copies of the General Fund and Special Revenue Funds financial statements from a state or local government, the Internet, your professor, a library, or elsewhere.
Required
a. Study the General Fund financial statements and compare them with those discussed and illustrated in this chapter, noting the following:
1. Similarities.
2. Differences.
3. Other matters that come to your attention, such as formats and accounts not discussed in the text.
b. Study the Special Revenue Fund financial statements, noting the following:
1. The nature and purpose of each fund.
2. The similarities, differences, and other matters, as in requirement (a).
c. Prepare a brief report on requirements (a) and (b).