QUESTION 24 GAAP for state and local governments requires them to report some of their activities twice, using two different methods. They must provide government-wide statements using one method of accounting, and they provide statements for governmental funds using a different method of accounting. This question focuses on WHY this is done. What is helpful to financial statement users about the method of accounting used in the government-wide statements? (Your answer should indicate what method is used, and explain at least one way in which this is helpful in giving users something they want.) (4 points)