You recently agreed to make a presentation to an accounting class at your alma mater Your topic will be governmental financial reporting Review the financial statements for the Internal Service Funds in this chapter, and contrast them with the statements prepared for the Capital Projects Funds in C...

The major points that should be presented in a students answer to this question a ...

You recently agreed to make a presentation to an accounting class at your alma mater. Your topic

Question:

You recently agreed to make a presentation to an accounting class at your alma mater. Your topic will be governmental financial reporting. Review the for the Internal Service Funds in this chapter, and contrast them with the statements prepared for the Capital Projects Funds in Chapter 6. Identify similarities and differences between these statements as the basis for your presentation.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...