Comprehensive Annual Financial Report Briefing

Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents a comprehensive picture of the reporting entity’s financial condition, it provides how funds are spent and allocated throughout the year.

The information in this report regarding the accounting standards for private companies is as stated in the proposal stage. The three options discussed are options being considered and the Accounting Standards Board (AcSB) has issued an

The most significant factor that catapulted Detroit, Michigan to becoming a prosperous city in America was the mass production of the automobile in the early 20th century. Three companies encompassed the auto industry in America and they were Ford, General Motors, and Chrysler. Consequently, the three companies were referred to as the “Big Three.” The “Big Three” established their headquarters, and assemble plants in the Detroit area. David Littman, Senior Vice President & chief Economist, Comerica Bank (retired) stated, “what really built the city of Detroit were the thing of substance of a market system entrepreneurship and incentive…come to

Detroit, Michigan grew up around the automobile industry. At its peak, Detroit was the fifth-largest city in the United States, becoming the home to over 1.8 million people by 1950 (Davey, Monica 2013). The prolific population was due greatly to the success of the auto industry in the city. At that time, Detroit was flying high, its name coined “The Motor City” (americaslibrary.gov), and automobiles greatly impacted commercialization. From transporting goods to hastening production, to selling parts, to manufacturing and selling new automobiles, the auto industry completely transformed Detroit. Things seemed

This research paper will detail the modified accrual revenue recognition in State and Local Government (SLG) accounting. There will also be discussions on the guidance of governmental fund expenditure recognition, and how it is used in state and local governments. Certainly, there are differences between the fund and the government-wide financial statements, but there are some similarities. Within the paper, it will include the purpose as well as the content of the financial statements. While explaining the government-wide financial statements, the preparation using derived information in the conversion worksheets, will be presented. Lastly, in this research paper, I will explain the elements of a Comprehensive Annual Financial Report (CAFR).

This paper explores the economic restructuring and revitalization of Detroit Michigan post World War II until today. The purpose of this research paper is to show the history of Detroit’s auto and manufacturing industry, in what ways it has changed in recent years, and how it has helped define the economy of Detroit and damaged it. This paper suggests that the deindustrialization of plants and industries and the depopulation of whites to the Suburbs have triggered the economic downfall of the Motor City. Some social issues such as race discrimination and segregation that might have led to the riots of 1943, and 1967, and the migration of African Americans to Northern States in search of employments will be discussed as well. In

Detroit was first founded in the year of 1701 by a man named Anoine de la Mothe Cadillac when he established a fort and settlement. Detroit means “strait” in the French language, and is derived from the narrow river connecting lake Saint Claire with lake Erie in which is in Michigan. The control of Detroit switched hands multiple times during the eighteenth century. At the end of the French and Indian War, the resulting treaty led to Detroit’s surrendering to Great Britain. The industry of automotives brought thousands of immigrants into Detroit in the Roaring Twenties. Then during the Great Depression that industry weas extremely desperate, leaving a third of the working force out of commission during 1933. The union movement , led by Walter Reuther led to sit-down strikes in Detroit and in Flint which resulted in ant-union violence.

To enhance a user’s ability to understand and compare an entity’s operating results, reporting entities are required to describe all significant accounting policies in their financial statements. As such to decide if an accounting principal is significant, is the management’s decision.

3. What are each of the financial statements commonly called in for-profit health care organizations and in not for-profit care organizations?

Hooker Furniture Corporation uses a multi-step format for what they call the Statement of Income (Income

with the massive amount of numbers in company financial statements. For example, they can compute the percentage of net profit a company is generating on the funds ithas deployed. All other things remaining the same, a company that earns a higher percentage of profit compared to other companies is a better investment option.

The board acknowledges the diverse nature of regulatory framework in developing concrete and uniform standards. These standards help in proposing and clarifying a complete guidance as well as demonstrating the understanding of complex issues in accounting. Moreover, help in demonstrating advanced knowledge in the application of accounting standards in the preparation and analysis of financial statements.

The purpose of this article is to describe the implementation of value stream management and lean accounting at Watlow Electric Manufacturing Company. Value stream management and lean accounting are designed to support lean manufacturing where value is defined from the customer's perspective, work is organized by value stream, supply flow is defined in terms of demand pull, and employees are empowered and focused on quality and continuous improvement. Rather than organizing by functional departments (i.e., the traditional approach associated with responsibility accounting), a company using value stream management develops an organization structure based on value streams, where a value stream includes everything involved in creating value

Consolidated financial statements are financial statements that factor the holding company 's subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group. Doing so typically requires a complex set of eliminating and consolidating entries to work back from individual financial statements to a group financial statement that is an accurate representation of operations.

Based on the financial ratios given, this section will compare and contrast the financial strengths of Company X and Company Y in order to suggest Tringale Ltd to take decision regarding which of the above companies to chose for investment. This section provides comments on financial performance areas based on the data given, and presents report to the Board of Directors of Tringale Ltd by recommending which of the two investment opportunities is better.