Specifically, the following critical elements must be addressed:
1. Prepare an accounting workbook with supporting journals for governmental, proprietary, and fiduciary funds. a)
Analyze all transactions in the Final Project One Case Study document and Final Project One Student Workbook spreadsheet to determine proper handling.
b) Prepare all supporting journals for the governmental funds.
c) Prepare all supporting journals for the proprietary funds.
d) Prepare all supporting journals for the fiduciary funds.
e) Interpret the supporting journal to prepare fund financial statements.
f)
Analyze the financial activity to prepare a reconciliation from the fund financial statements to government-wide financial statements.
1. Prepare an informational report to taxpayers a) Interpret and discuss the governmental funds section of your workbook.
1. |
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i. |
Define governmental funds. |
2. |
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ii. |
Identify and summarize activities in |
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governmental funds. |
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3. |
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iii. |
Explain how the governmental funds section |
of your workbook tells the taxpayers about the financial position of the |
government. |
b) Interpret and discuss the proprietary funds section of your workbook.
1. i. Define proprietary funds.