As your summer job, you work as a researcher in a consulting firm with clients who are citizen advocacy groups in Manitoba and the Yukon. They want to know how taxpayers' money is being spent on public services. Your boss asks you to review and analyze the financial statements of the City of Winnipeg (Illustration 10.5) and the Yukon Housing Corporation (Illustration 10.9).
Required
Write a report for your boss to present to the clients, covering the following:
(a) Identify the amounts each entity has reported in the current year in relation to the two key indicators of financial position and the measure of operating surplus or deficit that must be reported.
(b) As a reviewer of these financial statements, outline observations and questions you have about each entity's financial performance arising from these key indicators/measures and changes reported on in these financial statements.