If interim financial reporting to external parties is not required, why should a government bother to prepare interim financial statements and schedules Give some examples of interim financial statements or schedules that a government should consider for internal management use ...

In any organization governments included sound financial management dictates t ...

If interim financial reporting to external parties is not required, why should a government bother to prepare

Question:

If interim financial reporting to external parties is not required, why should a government bother to prepare interim and schedules? Give some examples of interim or schedules that a government should consider for internal management use.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...