Comprehensive Annual Financial Report Analysis Howard County, Maryland, Fiscal Year 2008

Introduction The Comprehensive Annual financial Report (CAFR) is a political units comprehensive score ensconce that shows the pecuniary position and the performance in operation. In the Howard County CAFR, it has one hundred seventy pages and provides exact statements and wealth statistical data on its jurisdiction. This make-up would analyze the Howard County CAFR introduction and would provide comments on the MD&A, thickset of material account statement policies, the government-wide statement versus to the governmental fund statement, and the proposed changes that would enkindle accounting for the CAFR. security measures of exertion for Excellence in Financial Reporting The Howard County certain the stage of a Certificate of Achievement for Excellence in Financial Reporting from the Government pay Officers Association (GFOA) for the financial form ended June 30, 2007. This certificate is to award the United States and Canada governmental units which comply with or go beyond the minimum requirements of the more often than not accepted accounting principle and applicable legal standards in the CAFR preparation. The political platform is to tug the high quality of financial account in the globe sector (GFOA, n.d.).

Since a certificate is effectual for one year period, the governmental units have to submit their report to GFOA every financial year in order to deliver the goods a clean certificate. The Howard County demonstrated the fairness and appropriation of the CAFR presentation which reflects its accountability to the public. This is the 32nd consecutive yea r that the Howard County received this pres! tigious award, and they believe that their financial year 2008 CAFR would continually meet the Certificate of Achievement programs requirements and would be eligible to procure another certificate. counseling Discussion & Analysis Howard County highlighted its financial position in the solicitudes discussion and analysis section. First, it mentioned about the flows of the assets and the debts in...If you indirect necessitate to get a full essay, order it on our website: OrderCustomPaper.com

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