Financial Reporting

Select a city, county, or state and locate their latest Comprehensive Annual Financial Report.Write a 1,050- to 1,400-word paper discussing the usefulness of the financial reports for internal and external viewers.Identify the components and structure of the CAFR. Describe the financial position of the government chosen.What are the fund balances in each reported fund?How does the government examine the results for the general fund? Review the management discussion and analysis section.Review the notes in the CAFR and highlight material changes noted.Identify any significant policy changesExplain how this information is useful for internal and external viewers.Format your paper consistent with APA guidelines.

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