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please I want Help to answer this question in Discussion Board.please writing the References in end your answer.Subject: Comprehensive Annual Financial Report (CAFR) of New York CityInformation Included in the CAFR of New York includes the introduction section, financial section, basic financial statements, and the other supplementary information combining financial information.The introduction section has the comptroller’s letter of transmittal,certificate of achievement for excellence in financial reporting, statements from the government of the City of New York and principal officials of the City of New York. The financial section included the independent auditors’ report and the management’s discussion analysis. The basic financial statements included the government wide financial statements and fund financial statements (Freeman et al., 2014). The supplementary information and notes to the financial statements included summary of accounting policies and schedules of changes in net pension liability among others.Interesting InformationI found the information presented in the comptroller’s letter of transmittal to be very interesting and somehow unique to the City reporting approach. The letter addressed to the people of the city of New York gives a general overview of the economic and financial activities conducted within the city. It also confirms that the city of New York relies on Generally Accepted Accounting principles (GAAP) to account for its general fund surplus and financial transactions (Dagiliene, 2015). It also attempts to give a more detailed analysis of the financial activities and situation of the city. Therefore, I find the letter very interesting and informative to the residents of New York City.Statistical InformationI consider the revenues sources by government activities to be the most useful statistical information. The information on the revenues from the government activities reveals that the real estate taxes accounts for the largest amount of revenues by 27% followed by operating grants and contributions at 24% and then the rest personal income tax(14%), sales & use taxes and income taxes ( both at 10%), and then charges for services (Dagiliene, 2015). The statistical information provides information to understand how the government raises funds to finance its expenditures. Generally, I will strongly feel this section gives me a more understanding of the financial status of the governmental entity. It provides significant amount of information on how the government will raise funds to finance its operations. This is important in the general auditing and financial reporting process to understand the financial status of city of New York government.ReferencesComprehensive Annual Financial Report 2015. New York City Comptroller. Retrieved from http://comptroller.nyc.gov/reports/comprehensive-annual-financial-reports/.Dagiliene, L. (2015). The research of corporate social responsibility disclosures in annual reports. Engineering Economics, 21(2).Freeman, R. J., Shoulders, C. D., Allison, G. S., Smith Jr, G. R., & Becker, C. J. (2014). Governmental and nonprofit accounting: theory and practice. Jpaejournal of Public Affairs Education Volume 20 Number 3, 441.
please I want
Help to answer this question in Discussion Board.please writing the References in end your answer.Subject: Comprehensive Annual Financial Report (CAFR) of New York CityInformation Included in the CAFR of New York includes the introduction section, financial section, basic financial statements, and the other supplementary information combining financial information.The introduction section has the comptroller’s letter of transmittal,certificate of achievement for excellence in financial reporting, statements from the government of the City of New York and principal officials of the City of New York. The financial section included the independent auditors’ report and the management’s discussion analysis. The basic financial statements included the government wide financial statements and fund financial statements (Freeman et al., 2014). The supplementary information and notes to the financial statements included summary of accounting policies and schedules of changes in net pension liability among others.Interesting InformationI found the information presented in the comptroller’s letter of transmittal to be very interesting and somehow unique to the City reporting approach. The letter addressed to the people of the city of New York gives a general overview of the economic and financial activities conducted within the city. It also confirms that the city of New York relies on Generally Accepted Accounting principles (GAAP) to account for its general fund surplus and financial transactions (Dagiliene, 2015). It also attempts to give a more detailed analysis of the financial activities and situation of the city. Therefore, I find the letter very interesting and informative to the residents of New York City.Statistical InformationI consider the revenues sources by government activities to be the most useful statistical information. The information on the revenues from the government activities reveals that the real estate taxes accounts for the largest amount of revenues by 27% followed by operating grants and contributions at 24% and then the rest personal income tax(14%), sales & use taxes and income taxes ( both at 10%), and then charges for services (Dagiliene, 2015). The statistical information provides information to understand how the government raises funds to finance its expenditures. Generally, I will strongly feel this section gives me a more understanding of the financial status of the governmental entity. It provides significant amount of information on how the government will raise funds to finance its operations. This is important in the general auditing and financial reporting process to understand the financial status of city of New York government.ReferencesComprehensive Annual Financial Report 2015. New York City Comptroller. Retrieved from http://comptroller.nyc.gov/reports/comprehensive-annual-financial-reports/.Dagiliene, L. (2015). The research of corporate social responsibility disclosures in annual reports. Engineering Economics, 21(2).Freeman, R. J., Shoulders, C. D., Allison, G. S., Smith Jr, G. R., & Becker, C. J. (2014). Governmental and nonprofit accounting: theory and practice. Jpaejournal of Public Affairs Education Volume 20 Number 3, 441.

please writing the References in end your answer.Subject:

The Question:
The Question:
The Question:
1- Did you happen to notice where the operating grants were coming from and for what purpose?
1- Did you happen to notice where the operating grants were coming from and for what purpose?

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