GASB Financial Reporting Model Improvements

Thoughtware Article Published: Jan 01, 2017

Authors

Connie Spinelli, CPA

Related Industries

Topics

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Executive Summary

The Governmental Accounting Standards Board (GASB) issued its first public comment document in its comprehensive project re-examining the financial reporting model. The Invitation to Comment re-examines governmental funds’ measurement focus and basis of accounting and financial statement preparation. Three measurement focus and basis of accounting alternatives are open for comment, and feedback is highly encouraged.

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