Question
Is the City of Maple Ridge a non-business organization? If so, which type? Are they incorporated? Who are the users of the City's financial statements?
- Is the City of Maple Ridge a non-business organization? If so, which type? Are they incorporated?
- Who are the users of the City's financial statements?
- Which statements are presented in the 2020 Annual Report?
- What are the financial reporting objectives/requirements for the City?
- Identify and explain the strengths of the City's financial reporting?
- Which of the 3 reporting methods has the City chosen to use? How do you know?
- How did COVID19 impact the performance of the City?
- What are the City's significant accounting policies?
- What other information within the annual report can you comment on in terms of the unique aspects of the City's financial reporting requirements as a non-business organization?
Using the link https://www.mapleridge.ca/ArchiveCenter/ViewFile/Item/1757 , discuss the unique aspects of non-business organizations such as the City of Maple Ridge, and their financial reporting requirements. Highlight the strengths of the City of Maple Ridge's financial reporting using the 2020 Annual Report.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
