GASB Publishes User Guide on Government Finances

CPA Letter, The, July, 2005 by Anonymous

The Governmental Accounting Standards Board has published a new volume in its User Guide Series. Written for nonaccountants, What Else You Should Know about a Government s Finances: A Guide to Notes to the Financial Statements and Supporting Information, is a plain-language introduction to the information that accompanies a state or local government's annual financial statements.

The new guide comprehensively discusses all of the notes to the financial statements required by GAAP. It also covers required supplementary information, such as management's discussion and analysis and infrastructure condition reporting, as well as the information presented in a comprehensive annual financial report, such as combining statements and the recently revised statistical...

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