Analyzing Results of Operations. Using either a citys own Web site or the GASBS 34 link of
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Required
a. Examine the two operating statements in detail, paying particular attention to the lines on which changes in net assets and changes in fund balances are reported and develop a list of reasons why the two numbers are not the same.
b. Prepare a succinct and understandable explanation of the results of operations of this government from the perspective of each operating statement, in terms that a non-accountant council member would be able to understand.
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Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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