Question: This chapter has described the fund structure in governments. Do you think that it is necessary to display individual funds in a governments annual report?

This chapter has described the fund structure in governments. Do you think that it is necessary to display individual funds in a government’s annual report? If so, then do you think it is any less necessary to display individual funds in a not-for-proﬁt’s annual report? On what basis can you justify displaying funds in the annual report of a government but not in that of a not-for-proﬁt entity?

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