Choice "A" is correct. Government-wide financial statements focus on the operational accountability of the government. Operational accountability takes an economic view that reports on the long-term efficient and effective use of resources. Fiscal accountability takes a short-term view that focuses the reader on compliance and current year performance.
Choices "d", "c", and "b" are incorrect. Government-wide financial statements focus on the operational accountability, not the fiscal accountability of the organization. Fund financial statements focus the reader on fiscal accountability.
