LOOK AT THE GROUP PAPER AND WIRTE INTRODUCTION AND CONCLUSION.

You are a broker at a brokerage firm. You are expected to prepare a financial analysis of a state or municipal government and present in front of prospective investors including foreign central banks and foreign private investors. Prospective investors expect you to make recommendations on their investing decision. The objective of this project is to let you have an opportunity to analyze a Comprehensive Annual Financial Report (CAFR) and create your own assessment of the government’s financial condition. You can complete this project by having access to a CAFR of your government. A supplementary chapter is posted along with the project description for your guidance to prepare for this project. The use of other supplementary resources is upon your choice.

1. Paper

Contents

Your final work product should include an introduction, an analysis of each of the three components of financial performance discussed in the supplementary text (Environmental, Organizational, and Financial) and a conclusion about the overall financial condition of the state government. Other than what’s required above, you can be creative with the contents of your paper so long as your paper analyzes where the government stands financially and can make suggestions for investing decision. Please read the supplementary text before you begin your group work so that you have basic knowledge with which you can analyze the financial condition of the government you are assigned. MD&A section of CAFR is useful for future outlook but you should be skeptical on what is written in there. Statistical section of CAFR contains some financial ratios. You can choose to calculate your own ratios using financial statements based on lists of financial ratios in the supplementary text or you can use ratios from CAFR to infer your conclusion.

Format

The final report prepared by each group should be typed, double spaced (Times New Roman, 12 point font, one inch margin in all four sides), 10 pages in length, with references (but reference page is not counted toward the 10 pages for the content). No late submission will be accepted.

2. Presentation

Contents

As with the paper, you can be as creative as you wish. However, your presentation should include the gist of your paper. You can make your slides first and develop your paper from there or you can write your paper first and then make a summary for your power point slides. Either way, your paper and presentation should tell a consistent story. In addition, since you are an expert of the government you are presenting, you are expected to include an executive summary of your government in the beginning of your presentation. For this, demographic and economic information along with operating information in the statistical section will be useful. Presentation in Government Accounting class does not need to be boring! Be as creative as possible in delivering your message to your potential investors!!!

Format

How you present your work in front of others is as important (sometimes even more important) as your written report. Every member of a group is required to participate in presentation equally. The presentation needs to be 10 minute long and there will be a 5 minute Q&A session afterwards. Do not spend more than two minutes on one slide. People can’t concentrate! In general, putting too many words on one slide is not a good idea. Reading the notes throughout your presentation is not acceptable. I understand that you will get a little nervous in front of others but don’t forget to talk slowly!!! Remember that you are a broker who presents in front of prospective investors. Be professional. Grading form is attached.

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