Part A

Minimum of 175 words for each:

How can state or local financial reports be used to understand the effectiveness and efficiency of state and local government agencies? What is your opinion of how effective and efficient your state or local government operates and why?

Why might the modified accrual accounting method be better suited for state and local governments to provide accurate fiscal management? Which method does your state or local government use, and do you think it is adequately showing efficient fiscal management?

• Part B 
• Exam Content

A financial specialist oversees fiscal management for the government or security agency. He or she performs audits and maintains compliance.

Imagine you are a financial specialist in a state or local government criminal justice agency. Your agency director has received an audit report discrepancy that identified the agency was using a mixture of cash basis and accrual accounting methods. Your director wants to implement only one method and has asked you to develop a recommendation.

Write a 525- to 700-word recommendation in which you:

Summarize each accounting method, including the advantages and disadvantages of each method.

Identify which accounting method you recommend the agency should implementásh-basis, accrual, or modified accrualnd a detailed explanation of why you selected that method.

Explain how your chosen accounting method aligns with fiscal management strategies.

Cite at least 2 outside references to support assignment