Classify of Financial Reporting Objectives (Shows references are required) Matching the following objectives with the appropriate letters: (S) for State Government, (F) for Federal Government and (NP) for Non-profit organizations 1. Comparing actual financial results with the legally adopted budget. 2. Assessing management stewardship and performance. 3. Budgetary integrity. 4. Operating performance. 5. Assessing financial condition and results of operations. 6. Making resource allocation decisions. 7. Assessing services and ability to provide services. 8. Adequacy of systems and controls. 9. Assisting in evaluating efficiency and effectiveness. 10. Stewardship Capacitantes #4: El estudiante identificar los componentes mnimos requeridos en los informes financieros externos para gobiernos estatales o locales. TRUE OR FALSE (Shows references are required) 1. The minimum requirements for general purpose external financial reporting are (1) management's discussion and analysis (MD&A), (2) the basic financial statements, including the notes to the financial statements, and (3) combining and individual fund financial statements. 2. In addition to financial statements and notes, GASB requires governments to provide information on service efforts and accomplishments (SEA) in their reports to the public. |||||||| 3. The GASB provides optional guidance for those entities providing service efforts and accomplishments (SEA) reports to the public. SELECT THE BEST ANSWER (Shows references are required) 4. One of the minimum requirements for general purpose external financial reporting is (are) A. Management's discussion and analysis (MD&A). B. Consolidated financial statements. C. Other supplementary information, such as combining and individual fund statements D. Statistical information