Financial Reporting Review of the Federal Government

Assignment: Financial Reporting Review of the Federal Government


The U.S. Constitution Article I, Section IX mandates “a regular statement and account of the receipts and expenditures of all public money shall be published from time to time” by the federal government.Two centuries after the publication of the U.S. Constitution, it is still difficult for the federal government to issue financial statements.In this assignment, you examine the U.S. Federal Government’s financial statements to explore the differences in these statements from other governmental financial statements and the reasons that necessitate these differences.


Write a 3–5 page paper in which you do the following:

Don't use plagiarized sources. Get Your Custom Essay on
Financial Reporting Review of the Federal Government
Just from $13/Page
Order Essay
  • Discuss at least three unique characteristics of the federal government that necessitate special accounting and reporting practices, presenting at least one example for each transaction.
    • Choose at least three unique characteristics of the federal government that necessitate special accounting and reporting practices.
    • Discuss these characteristics, presenting at least one example for each one.
  • Accurately identify and explain the type of audit performed, the audit opinion issued, and the auditor’s reasons for that opinion, on the most recent federal government financial statement.
    • Each year the federal government issues an “official” comprehensive financial report that covers all its activities and is subject to audit.
    • Review the most recent Financial Report of the United States Government.
    • Explain the type of audit performed, the audit opinion issued, and the auditor’s reason for that opinion. (Auditor’s opinion is last item on Table of Contents).
  • Identify all eight of the financial statements presented by the federal government and the relevance of each one’s contents to a financial statement user.
    • In reviewing the federal government’s financial statements, you will observe more basic financial statements than were required by GASB for the local governments or by FASB for not-for-profits.
    • Identify each financial statement presented by the federal government and the relevance of the statement’s content to a financial statement user.
  • Express an opinion on whether the selected financial statement met its objectives, correctly identifying the objectives, justifying the opinion with three relative pieces of data from the Financial Report.
    • Congress enacted the Government Performance and Results Act of 1993, which requires federal agencies to develop strategic plans, operational objectives, and measures of performance, reporting on the extent to which the agency met its objectives.
    • Select one of the federal government reporting entities included in the Financial Report of the United States Government, and express an opinion on whether it is meeting its objectives. Justify your opinion with at least three pieces of data from the reporting entity’s Financial Report (reporting entities are listed in Appendix A).
  • Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
  • Produce writing that contains accurate grammar, mechanics, and spelling in accordance with SWS style.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

The specific course learning outcomes associated with this assignment:

  • Review the Financial Report of the United States Government to explore the distinctive financial reporting required for the federal government.

Essay Writing Pros
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

Our writers have been trained on how to handle papers placed by our clients. The writer must read and understand before embarking on writing the papers. In case of any issue that needs clarification, writers are encouraged to ask the client or support.

Professional and Experienced Academic Writers

Our team comprises of the best writers and editors. We do thorough vetting during recruitment to make sure that our writers have the knowledge and experience we aspire in the team.

Free Unlimited Revisions

Our aim is to give the client the best outcome. If for some reason you are not satisfied with the wok done, you can ask the paper to be revised or rewritten. This will be done to your satisfaction with no extra charges.

Prompt Delivery and 100% Money-Back-Guarantee

We have writers who work round the clock. This helps in making sure that all our clients’ papers are delivered on time. If we have issues with the deadline, we will ask for extension. If its not possible, the money is fully refunded.

Original & Confidential

Our clients’ confidentiality is highly respected. We can never disclose our clients’ details to third parties. In the same regard, we strive to give our clients 100% original papers. We do not tolerate plagiarism from our writers.

24/7 Customer Support

Clients can reach us any time of the day, and any day of the week. There is a live chat, email or phone numbers to help in ease of communication.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

You should never be worried about your papers even in the middle of the night. Our team will work round the clock to deliver.


Essay Writing Service

We have an able team that can deliver your work in the shortest time possible. The academic level or the type of work should never be a hindrance. Our highly competent support team is always around (24/7) to give you any assistance you may need.


Admission Essays & Business Writing Help

Do you need to be admitted in your dream institution but find it challenging to write an admission essay? Our team is in a position to write the best letter that will guarantee you an admission. We do as well write the best business proposals and reports.


Editing Support

Writing can be fun and enjoyable when everything has been done right. Writing is not just enough without proper editing and proofreading. We have a team of editors that ensure everything falls in place, whether its issues to do with grammar or referencing styles.


Revision Support

Once the paper has been done and submitted, that is not the end of it. You can always ask for amendment or improvement if you feel something has not been done right. Our team of writers and editors will gladly assist you to your satisfaction. Revision is free of charge.