GASB Codification Section 2200

question 36

Multiple Choice

GASB Codification Section 2200.106-107 makes which of the following statements regarding Management's Discussion and Analysis?

• A) MD&A is required only for Proprietary Fund Financial Statements.
• B) MD&A is required for all state and local government financial statements.
• C) MD&A is only required for comprehensive annual financial reports.
• D) MD&A for state and local government financial statements must include an analysis of potential, untapped revenue sources.
• E) MD&A is an optional inclusion for state and local government financial statements.

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Definitions:

Team Members

Individuals who are part of a group collaboratively working towards a common goal.

Impoverished Manager

A management style characterized by a lack of effort to enhance productivity or foster a healthy work environment, showing minimal concern for both people and production.

Minimum Effort

Minimum effort refers to the least amount of work or exertion required to complete a task or achieve a goal.

Work Done

In physics, it is the measure of energy transfer that occurs when an object is moved over a distance by an external force at least partly in the direction of the displacement.