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City of Waltham, Massachusetts COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended]one 30,2012Waltham City Helicity OF WALTHAM, MASSACHUSETTS COMPREHENSIVE ANNUALFINANCIAL REPORT For the
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Gather all financial information including revenues, expenses, assets, and liabilities.
02
Organize the information according to the required format.
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Include a letter of transmittal which provides an overview of the report.
04
Prepare the management discussion and analysis section.
05
Include the basic financial statements such as balance sheet, income statement, and cash flow statement.
06
Provide notes to the financial statements for further explanation and clarifications.
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Include any required supplementary information.
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Get the report reviewed by auditors for accuracy and compliance.
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Finalize the report and make it available to stakeholders.

Who needs comprehensive annual financial report?

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Government entities such as municipalities, states, and federal agencies.
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Investors and shareholders of public companies.
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Non-profit organizations seeking transparency and accountability.
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Creditors and lenders assessing financial health of a business.
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The comprehensive annual financial report is a thorough and detailed report that provides information on a government entity's financial activities and condition.
Government entities such as state, local, and municipal governments are required to file comprehensive annual financial reports.
A comprehensive annual financial report is typically prepared by the government entity's finance department or hired accounting firm following specific accounting standards and guidelines.
The purpose of the comprehensive annual financial report is to provide transparency and accountability to the public and stakeholders regarding the government entity's financial performance.
The comprehensive annual financial report must include information on the government entity's assets, liabilities, revenues, expenditures, and other financial activities.
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