A memo explaining the annual reporting requirements for Mountainville.
You are the Comptroller of Mountainville. Mayor Richards asks you to draft
a memo explaining the annual reporting requirements for Mountainville.
Include in your memo a discussion of the following topics:
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The four parts of the Annual Report
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An Explanation of the Main and Component Units
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Acceptable inclusion methods for component units
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The tests for determining major funds
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Financial reporting requirements for Internal Services and Fiduciary
Funds.