GAAP Do Not Require

question 18

Multiple Choice

GAAP do not require

• A) A management's discussion and analysis.
• B) Governments to prepare a CAFR.
• C) A statistical section to be included within a CAFR.
• D) Discretely presented component units to be included in the government-wide financial statements.

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Definitions:

Variable

A component, characteristic, or aspect that is subject to change or variation.

Bar Charts

Graphical representations of data using bars of different lengths or heights to compare values across categories.

Pie Charts

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.

Nominal Data

Data classified into categories that cannot be ordered or ranked, used for labeling variables without a quantitative value.