Which of the following kinds of information would not be provided by management's discussion and analysis (MD&A)?
A) A narrative explanation of the contents of the CAFR.
B) A description of the government's financial condition.
C) A forecast of revenues and expenditures for the next three fiscal years.
D) A discussion of economic factors and the budget and tax rates approved for the next year.

Question

Quizplus · Accepted Answer

MD&A typically includes a narrative explanation of financial statements, a description of the financial condition, and discussions of economic factors and budgetary decisions. However, it does not usually provide forecasts for revenues and expenditures for future fiscal years.

Which of the Following Kinds of Information Would Not Be