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 .