Comprehensive Annual Fnancial Report Briefing Essay

Comprehensive Annual Fnancial Report Briefing - Essay ExampleAs a result, they have to invest more in marketing because that is the component that forget help the companies to cost increase their gets. On the other hand, the political organizations usually cope more on assisting citizens of the country. That means that the efforts of the government argon usually towards helping the citizens of the country as opposed to qualification profits. Therefore most of the services that argon offered by the government are usually subsidized and that will help to ensure that the poor and poverty-stricken people in the community get access to the most essential facilities. The main sources of government tax implicate fines that are collected, licenses, and donations. That means that any government facility that is available doe not majorly deal on the issue of making profit but basically charges a small fee for the facilities to be able to sustain their most essential needs (Martin, 200 0). The other differences include the following, the owners of the government facilities is the public whereas for profit corporations are owned by shareholders. The decision is made by the shareholder of the company whereas the decision for governmental facilities is made by the people that have been elected by the public as their representatives. The government facilities do not aim at making profits while the for-profit corporations usually aim at making of profits. ... es Notes of financial records The statements that are prepared by for profit organizations include Balance sheet Income statement Statement of cash flows Statement of stockholders equity Notes of financial statements The source of revenues for the government include the following Donor contributions Fines Taxes Levies Investment income Grants Source of income for the for profit business include the following Sales of switch Fees for services Investment income Gains on investments MD and A This should introduce f inancial statements that are basic and go out an overview that is analytical in regard to the activities of the government. The MD & A usually provides a financial manager with a good opportunity to present both long and short term analysis of the activities that regard the trading operations of the government. The process should provide an n analysis that is objective and easily read in regard to governmental activities. It should also include analysis that shows yearly performance. The analysis should show the yearly source of income for the government, the usage of cash in hand by the various governmental bodies, the way the funds were distributed and any amounts that were left as surplus. This process will ensure that there is accountability in the government and that the fund that is associated with the public is appropriated well so as to ensure that there is no instance of fund misappropriations. The MD&A usually focus mainly on the government. The comments that are found in the MD&A should be able to distinguish surrounded by information hat regards the different components of the government and the primary government working and the primary government. The e limn of the MD&A 1. Brief description of financial statements. The description should include