GASB Financial Reporting Model Improvements
Thoughtware Article
Published: Jan 01, 2017
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.
