ils and read the statement or signihcant acc the statenent of siglhcaal accounting policies of the notes to the financial statements Write a brief report summarizing those policies ef Obtain the CAFR of a statements in a CAFR) accounting policies, Write ah unit, and read the notes other than the statement of signicant teport summarizing three of the notes (Analysis of a budgetary Obtain a CAFR of a governmental unit, a governmenta schedule or statement in a CAFR) Also, read what, if anything, maau, and read the budgetary compari budgetary comparison schedule or statement? lems son schedule or statement he results of its budgetary activ the budgetary gment says in its MD&A about t ities for the year. What conclusions can vou reach from reading the budgetary comparison scheslule or statement? How do management's comments in the MD&A improve your understanding of the (Multiple choice-theory 1. Which of the following types of governments is always considered to be a primary government for financial reporting purposes? a. A school district with a separately elected governing body b. A state university whose board members are appointed by the governor without the approval of the state legislature c. A town d. A legally separate public authority or public benefit corporation 2. Which of the following is an example of a "benefit or burden" relationship for purposes of deter mining whether a primary government is financially accountable for another organization a. Primary government is authorized to audit the other organization. b. Primary government is obligated in some manner for the other organization's debt. c. Primary government is required to approve the other organization's debt issuances. d. Primary government is authorized to remove members of the other organization's govern- ing board. 3 Which basis of accounting is used in preparing the budgetary comparison statement a. The budgetary basis b. The accrual basis