How does the modified accrual basis of accounting differ from the accrual basis
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question clearly. For written answers.
- How does the modified accrual basis of accounting differ from the accrual basis?
- What are the three sections of a comprehensive annual financial report (CAFR)? What information is contained in each section? How do the minimum requirements for general purpose external financial reporting related in scope to the CAFR?