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The Comprehensive Annual Financial Report (CAFR) is a governmental social units comprehensive chronicle report that shows the fiscal localize and the performance in operation. The Mental Health lag revolve around of Harris County is a governmental entity providing Mental Health (MH) and Mental Retardation (MR) services for the residents of Harris County. These services are designed for those persons who can be effectively treated in their own community and do not require long-term institutional care. Within this CAFR in that location are 126 pages, and will provides detailed statements and wealth statistical selective information on its jurisdiction. This report will provide the board members, consumers, family members, elect officials, and other interested parties with any detailed information that involves the monetary conditions and activities of this organization. (Schnee 2009) Included in this briefing the comparison of governmental chronicle and for derive financial accounting will be discussed and how to study the government reporting and reporting entity. Also an overview of how Management watchword and Analysis reports for the State of Texas.
Differences and comparison of government accounting and for meshing financial accounting
The (CAFR) will require statistical evaluation, whereas for profit accounting does not, the government budget statement is for a specific group agencies over the certain time frame of an annual financial period. The differences that the governmental accounting of the for profit financial accounting they have different purposes processes of generated revenue, stakeholders, budgetary obligations, and longevity. The differences separate accounting and financial reporting standards in order to provide information to march the needs of the stakeholders to assess government accountability to make political, social, and economic decisions. (GASB 2003) Government accounting environments use their...If you want to get a full essay, order it on our website: Orderessay
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