Which of the Following Is notone of the Major Sections

question 19

Multiple Choice

Which of the following is notone of the major sections of the Comprehensive Annual Financial Report CAFR?

• A) Budgetary
• B) Financial
• C) Introductory
• D) Statistical

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Definitions:

Accepted Principles

Generally accepted accounting principles (GAAP) that serve as the framework and rules for financial reporting and accounting.

Financial Accounting

The field that focuses on the preparation and reporting of financial statements for external use by investors, regulators, and other stakeholders.

Managerial Accounting

The field of accounting that focuses on providing information to managers for use in planning, decision making, and operational control.

Managerial Accounting

This involves the steps of recognizing, assessing, scrutinizing, decoding, and sharing monetary details with management to facilitate the attainment of organizational aims.