If you do not currently compile your financial reports,
CAFRONLINE can be used as a stepping
stone for creating the CAFR in house and monitoring GASB compliance. Here's how:
Year 1: Use CAFRONLINE
to create the MD&A and verify published financials. During this time, you will
- How financial statements are rolled up
- How to create GASB 34 adjustments
- The general process for updating the CAFR's text
Future years: When you are ready to move on to the next step, you have all of the tools you need:
your financial statements are set up in your CAFRONLINE database, and you will know exactly how
to use CAFRONLINE.
Thales Consulting offers additional consulting services to governments who need
more assistance with this transition.
We also update CAFRONLINE
for GASB compliance. We are currently planning for the 2011 implementation of the
GASB Statement No 54.
is a form of CAFR education.