CMFO Fund Financial Reporting 2024

This class will describe the objectives of external financial reports and the legal and regulatory requirements to which Tennessee municipalities must adhere.  It includes a review of the guidelines for what constitutes a reporting entity and concludes with an overview of the fund financial statements and some specific reporting requirements.  Financial Reporting I focuses on the fund financial statements; .TOPICS COVERED Objectives of Financial Reporting Types of Financial Reports Reporting Entity Required and Recommended Reports Fund Financial Statements      -Major Funds      -Governmental Fund Financial Statements      -Proprietary Fund Financial Statements Supplementary Information      -Comptroller Requirements