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:

The four parts of the Annual Report

An Explanation of the Main and Component Units

Acceptable inclusion methods for component units

The tests for determining major funds

Financial reporting requirements for Internal Services and Fiduciary
Funds.

 

 

 

Sample Solution

ACED ESSAYS