CMFO Fund Financial Reporting 2025

This class will describe the objectives of external financial reports and the legal and regulatory requirements to which Tennessee municipalities must adhere. It includes a review of the guidelines for what constitutes a reporting entity and concludes with an overview of the fund financial statements and some specific reporting requirements. Financial Reporting I focuses on the fund financial statements; Part II focuses on government-wide financial statements.TOPICS COVEREDObjectives of Financial ReportingTypes of Financial ReportsReporting EntityRequired and Recommended ReportsFund Financial Statements -Major Funds -Governmental Fund Financial Statements -Proprietary Fund Financial StatementsSupplementary Information -Comptroller Requirements