I have a project for my Governmental and Not-for-profit accounting class. I need help with one of the questions relating to the Washington D.C. (Comprehensive Annual Financial Report).

Q: Review the reconciliation between the governmental fund balances and the governmental-type activities net assets. This might be on the governmental fund balance sheet and statement of revenue etc., or in a separate schedule in the basic financial statements. (Max. 1 page) a. List two major differences for each statement and the direction of the adjustment. Be sure to clearly identify whether the adjustments are being made to governmental fund balance to arrive at governmental type net assets or vice-versa.

Link https://cfo.dc.gov/node/1216356

Thank you so much!