This case provides learning opportunities using available databases and/or the Internet to obtain contemporary information about the topics in advanced financial accounting.

Required
Access the Department of Treasury’s website and scroll through until you locate the most recent“Financial Report of the United States Government”
(fms.treas.gov/fr/index.html ). Look over the report, especially the comptroller general’s statement and the auditor’s report, and then prepare a one- to two-page memo summarizing the major information items reported in the report.