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CAFR: Exercises

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CAFR: Exercises
Week 2 Individual Assignment
Chapter 1 – Exercises 1-1
1. A
3. D
4. C
5. B
7. D
8. C
Chapter 2
12. What is a CAFR? What are its main components?
A CAFR is the Comprehensive Annual Financial Report for cities, states, and counties. This report summarizes the agencies financial statements as well as demographical information for a wide list of users such as taxpayers. The three main components of a CAFR are the introductory section, financial section, and statistical section. The introductory section includes information about the governments organizational structure as well as a list of elected officials. This section will also include information regarding population and resources. The financial sections is where the financial statements
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