Question
View the State of Missouri's most recent Comprehensive Annual Financial Report (CAFR) found at https://oa.mo.gov/accounting/reports/annual-reports/comprehensive-annual-financial-reports .Copy/paste the 25 questions below into a Word document, then
View the State of Missouri's most recent Comprehensive Annual Financial Report (CAFR) found at https://oa.mo.gov/accounting/reports/annual-reports/comprehensive-annual-financial-reports .Copy/paste the 25 questions below into a Word document, then insert your answers with each question.You may use the exact wording from the CAFR if applicable.
1.In the Auditor's Report, who is responsible for the preparation and fair presentation of the financial statements?
2.According to the Auditor's Report, what is the Auditor's responsibility for the audit?
3.List the Basic Financial Statements included in this CAFR?
4.Following the notes to the financial statements, the CAFR provides combining and individual fund statements, a budgetary comparison schedule, etc.These are considered what type of information in the CAFR?
5.What is the Major component unit in the financial statements?
6.Does the CAFR contain an MD&A?If so, where is it located and what type of information does it contain?
7.What are the titles of the two government-wide statements?
8.What are the amounts of total assets for both governmental activities and business-type activities?
9.Which FUNCTION has the highest expenses?
10.During the consolidation process for the Government-side Statement of Net Position, what was eliminated and in what amount(s)?
11.How are the non-major funds presented?
12.List the names of the Non-Major Enterprise Funds shown in this CAFR?
13.List the Funds of the government that are reported as being administered by internal service funds?
14.Are employees' and employers' FICA tax contributions reported in the General Fund, an Agency fund, or in some other manner?
15.List the names of proprietary funds that are included as major funds in the fund financial statements.
16.When a negative fund balance classified as Unassigned exists, what happens to the shortfall?
17.Does the financial report state the basis of accounting used for Agency funds?If so, what is it?
18.What are the five categories for the statistical section presentation that is defined by GASB?
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