Question: Using the CAFR of Cook County, IL, create a presentation, the content of which includes explaining the process by which fund financial statements are converted to government-wide financial statements.
Just to review, can someone please briefly and concisely state the difference between fund financial statements and government wide financial statements?
What GASB statement requires government wide statements and why? This answer should include a comment on the measurement focus and basis of accounting used.
Please copy and paste the link to find the CAFR I used to write my papers
Link: https://legacy.cookcountygov.com/bof4/CAFR07/cc_2007CAFR.pdf