Home / CPA Course / BAR

Other parts of the ACFR

BAR Chapter 22 · Area III · Blueprint III.A.5–9

The basic statements are only part of a city's annual report. The notes explain the policies and break down capital assets and debt; MD&A tells the story in plain words; the budgetary comparison shows whether the council's budget held; other required supplementary information tracks pensions, retiree health and infrastructure; and the reporting entity rules decide which related organizations are in the report and how. The Blueprint asks you to recall each of these. We stay with the City of Riverton as Dana and Leo assemble the year 2 ACFR.

In this chapter

1. Notes: the policies behind the numbers
2. Notes on capital assets and long-term liabilities
3. Management's discussion and analysis
4. Budgetary comparison reporting
5. Other required supplementary information
6. The financial reporting entity

This chapter has 6 lessons, 50 practice MCQs with explanations and 15 simulations, plus flashcards and a recall sheet.

What this chapter covers

• Notes
• MD&A
• budgetary comparison
• other RSI
• the reporting entity and component units

Chapter 21: Government financial statements · Chapter 23: Deriving the government-wide statements