Asked by Tara-lee Dübeaü on Apr 28, 2024
Verified
What is the purpose of government-wide financial statements?
Government-Wide Financial Statements
Comprehensive financial reports that present the financial position and results of operations of all governmental activities and entities.
- Understand the purpose and components of government-wide financial statements.
Verified Answer
DA
Daley AlexisApr 29, 2024
Final Answer :
Government-wide financial statements present information about a government's financial affairs as a whole. These financial statements provide a method of assessing operational accountability and the government's ability to meet its operating objectives.
Learning Objectives
- Understand the purpose and components of government-wide financial statements.
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