Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Have you ever written financial reports of any kind during your CPA training? If so, what types of reports were they, and what level of
Have you ever written financial reports of any kind during your CPA training? If so, what types of reports were they, and what level of information did they contain? How were they organized?
Basically, I need an example from a school project.
Expected Response:
- Usually developed reports on required reporting metrics that are asked of a manager to be produced (budgets, variance reports, cash flows, adhoc reports)
- They may have been required to do investigation and the development criteria upon which to report, including what the data model may look like.
- Organized in order to be as efficient as possible, (eg hi-lighting key summary information aligned with decision making requirements) taking into consideration the audience of the report and there level of understanding of the subject matter.
- Level of information (summary and detail information): reports may contain: GL's, vendor names, numbers, contract numbers, approval codes, number values (DR's, CR's), settlement order numbers, department cost centers, fund type indicators, purchase order numbers, transaction status indicators, field calculations,
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started