Government and Not for profit Accounting – Chapter 9 My Book Details are: To answer these questions, Book Link is below: https://reader.yuzu.com/#/ Login – XXXXXXXXXX XXXXXXXXXXPassword : Newyork2018...

Please find the enclosed attachment of my assignment and CAFR report to answer the assignment. This assignment doesn't need referencing please use your own words to explain the answer.


Government and Not for profit Accounting – Chapter 9 My Book Details are: To answer these questions, Book Link is below: https://reader.yuzu.com/#/ Login – [email protected] Password : Newyork2018 These questions should be based on Government and Not for profit Accounting that’s my subject name. Chapter 11 Answer the following questions using your assigned CAFR: I am assigned New Mexico state CAFR.(look at the New Mexico State Comprehensive financial report I am attaching as well to answer the below questions.) Part 1 Q1. How does your CAFR entity define (a) primary government, (b) discretely presented component units, and (c) blended component units.  How do these definitions compare to the ones provided in the Granof text?  Provide one example, from your CAFR entity, of discretely presented component units  and blended component units. Q2. Do the notes to the financial statements indicate the component units and other related entities that are included within the reporting entity? Do they indicate any units that are not included? Do they explain why these units are included or excluded? Q3. How are the component units presented in the government‐wide financial statements? Q4. How are they presented in the fund statements? Part 2 Q1. The main elements of a government’s comprehensive annual financial report (CAFR) Q2. The critical factors to be taken into account in assessing a government’s financial condition. FOR THE FISCAL YEAR ENDED JUNE 30, 2016 SUSANA MARTINEZ, GOVERNOR DOROTHY E. RODRIGUEZ RONALD C. SPILMAN CABINET SECRETARY STATE CONTROLLER NM STATE CAPITOL BUILDING SOURCE – DREAMSTIME.COM https://thumbs.dreamstime.com/z/state-capitol-new-mexico-23166455.jpg ii This page left intentionally blank STATE OF NEW MEXICO COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2016 TABLE OF CONTENTS iii INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................................................. viii State of New Mexico Selected State Officials ...................................................................................................... xi State of New Mexico Organizational Chart .......................................................................................................... xii FINANCIAL SECTION Independent Auditors’ Report .............................................................................................................................. 2 Management’s Discussion and Analysis .............................................................................................................. 9 Basic Financial Statements Government-Wide Financial Statements: Statement of Net Position ....................................................................................................................... 28 Statement of Activities ........................................................................................................................... 30 Fund Financial Statements: Balance Sheet – Governmental Funds .................................................................................................... 34 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position .............. 36 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ............ 38 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds to the Statement of Activities ........................................................................ 40 Statement of Net Position – Proprietary Funds ...................................................................................... 42 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ................. 44 Statement of Cash Flows – Proprietary Funds ....................................................................................... 46 Statement of Fiduciary Net Position – Fiduciary Funds ......................................................................... 50 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ..........................