This chapter addresses the somewhat complex issue of what entities make up a government’s reporting entity. While there are detailed requirements as to which entities should be in and
which entities should be left out, casual readers of financial statements do not have to be overly concerned with those decisions, unless of course they choose to be. Better to let the experts
who prepared the financial statements worry about those details. What is important, however, is to understand what a component unit is, and to be able to distinguish between blended
component units and discretely presented component units. This chapter should enable the reader to accomplish both of those objectives.

Taken From : Governmental Accounting Made Easy

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