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 the financial statements, a description of the government's financial condition, and a discussion of economic factors and budget/tax rates. It does not typically include forecasts for future revenues and expenditures.

Which of the Following Kinds of Information Would Not Be