ANSWER EACH QUESTIONS 80 WORDS MIN… GIVE EXAMPLES, DEFECTIONS AND ETC.
1. Users of Financial Reports of State & Local Governments
2. Defining the Financial Reporting Entity
3. Annual Financial Reports
4. Classification of Fund Balances
5. Activities of Government
6. Major Fund Reporting
7. Nonprofit Financial Statements
8. Two Fundamental Functions. (First, financial and legal oversight. The second fundamental function of a nonprofit board is CEO oversight.)
9. Required Reconciliations
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