Comprehensive Annual Financial Report Analysis Howard County, Maryland, Fiscal Year 2008

Introduction The Comprehensive Annual m superstartary Report (CAFR) is a semipolitical units comp score make-up that shows the pecuniary position and the performance in operation. In the Howard County CAFR, it has 170 pages and provides lead statements and wealth statistical entropy on its jurisdiction. This paper would decompose the Howard County CAFR introduction and would provide comments on the MD&A, summary of somatic accounting policies, the government-wide statement versus to the political fund statement, and the proposed changes that would enhance accounting for the CAFR. security measures of motion for morality in Financial Reporting The Howard County authoritative the award of a credential of Achievement for Excellence in Financial Reporting from the presidency Finance Officers Association (GFOA) for the monetary grade ended June 30, 2007. This security measures is to award the United States and Canada political units which comply with or go beyond the minimum requirements of the much often than not original accounting principle and applicable legal standards in the CAFR preparation. The curriculum is to promote the high lineament of financial account in the public sector (GFOA, n.d.).

Since a certificate is effectual for one year period, the governmental units exact to submit their report to GFOA both fiscal year in order to deliver the goods a new certificate. The Howard County demonstrated the beauteousness and appropriation of the CAFR presentation which reflects its business to the public. This is the thirty-second consecutive year that the Howard County received this prestigious award, and they intrust that their fiscal year 2008 CAFR would continually meet the Certificate of Achievement programs requirements and would be eligible to procure other certificate. Management Discussion & Analysis Howard County highlighted its financial position in the charges discussion and compend section. First, it mentioned about the flows of the assets and the debts in...If you indirect call for to get a mount essay, order it on our website: Ordercustompaper.com

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