Notes to the financial statements and required supplementary information (RSI) must both be included in a governments

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Notes to the financial statements and required supplementary information (RSI) must both be included in a government’s CAFR. What, then, does it matter if information is provided in notes as opposed to RSI ?

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...
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Government and Not-for-Profit Accounting Concepts and Practices

ISBN: 978-1119495857

8th edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, Daniel L. Smith

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