Explain what is the purpose of the Independent Auditor's Report that is located at the beginning of the financial statement. The organization is setting up a new program that will operate for 3 months. The total cash funds of $180,000 from the government to operate the program are to be provided evenly to YWS in months 2 & 3. The expenses of $180,000 are allocated evenly over the 3 months. For any months the program has a cash shortfall, the shortfall will be covered by YWS until the funds have arrived from the government that will be on the 1St business day of the month. Prepare a 3-month cash budget for this new program.

Explain how you would manage the finances for this 3-month program. Identify the cash or access to cash available to the organization and explain if the amount of cash is sufficient for the needs of this organization.

Answer rating: 100% (QA)

1 Purpose of the Independent Auditors Report The Independent Auditors Report is located at the beginning of the financial statements to provide an independent and objective opinion on the fairness and ... View the full answer