Importance of the notes to financial statements


Question 1. Discuss the the significance of the notes to financial statements and tell me about the benefit of required supplementary information. For example, what are the notes intended to accomplish? What type of information might they include?

Question 2. What notes does this CAFR include? Use the CAFR to provide an example that ties to something in your explanation of the notes.

Please use link from Cook County, IL 2007 to review Question

Link:https://legacy.cookcountygov.com/bof4/CAFR07/cc_2007CAFR.pdf

Please give citations.

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Accounting Basics: Importance of the notes to financial statements
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