Basic Financial Statements
Financial statements that must be included in a government annual report to comply with Generally Accepted Accounting Principles (GAAP).
(Graham, Andrew. 2007. Canadian Public-Sector Financial Management. Kingston, ON: School of Policy Studies, Queen’s University; Montreal: McGill-Queen’s University Press.)
The required financial statements are: a government-wide statement of net assets; a statement of activities; and fund financial statements for the government funds.