Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 55

Go to Web site www.portlandonline.com/omf/index.cfm c=49561 a=228968 and find the 2008 comprehensive annual financial report for the City of Portland, Oregon.One of the most important additions to state and local government accounting is the required inclusion of a management's discussion and analysis.Read this section of the Portland report.
Required
Write a report indicating the types of information found in this government's MD A that would not have previously been available in the city's financial statements.