Along with the fund financial statements, governments prepare government-wide financial statements. Government-wide financial statements report the financial resources for the overall government. The conversion process needed for compliance with Governmental Accounting Standards Board (GASB) Statement 34 will be briefly discussed, and the financials will be examined in the ACFR. The last portion of the class will focus on other ACFR components and the interrelationship of the financials to other parts of the annual report.
