Paper Problem: Analysis of a CAFR/ACFR Report
• Select a Comprehensive Annual Financial Report (CAFR) (Also called an ACFR - Annual Comprehensive Financial Report) from a government / municipality and present your choice in the conference set up for approval by stating the government's / municipality's name in the conference, and uploading / attaching the municipality's most recent CAFR/ACFR report in PDF format. Only approved entities / CAFRs/ACFRs will be accepted.
• Explore the concepts of the course material relating to CAFRs/ACFRs. You must also find and review / read outside literature on this subject and the below requirements as well and use and reference same in the paper.
• Prepare a paper on the CAFR/ACFR report to include the following: (i) A brief introduction / review of your chosen CAFR/ACFR entity. (ii) For the CAFR/ACFR report, discuss its focus, what it is trying to impart on its users, and an identification and review of the main sections of the CAFR/ACFR (what is NOT expected is a fund-by-fund accounting of figures, performance, balances, etc.) (iii) Clearly identify who the actual intended audience / users of a CAFR/ACFR report are outside those the CAFR/ACFR report itself is addressed to. (iv) Discuss your thoughts on how a CAFR/ACFR is presented to its users.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.