GASB publishes implementation guide on statement 44 statistical section.The Governmental Accounting Governmental accounting is an umbrella term which refers to the various accounting systems used by various public sector entities. In the United States, for instance, there are three levels of government which follow different accounting standards set forth by independent, private Standard Board has published a Guide to Implementation of GASB GASB Governmental Accounting Standards Board Statement 44 on the Statistical Section. The guide was prepared by GASB staff primarily to assist preparers and auditors of governmental financial statements and those that advise them as they implement the updated and expanded statistical section. The statistical section is the part of a state or local government's comprehensive annual financial report (CAFR CAFR Comprehensive Annual Financial Report CAFR California Association of Firearms Retailers ) that presents trend information for the last 10 years about a government's financial results, major revenue sources, outstanding debt, economic and demographic indicators and operating activities. The guide also includes a glossary, topical index and the Standards section of Statement 44. The implementation guide (product code GQA GQA Government Quality Assurance GQA Graded Quality Assurance 44) can be ordered through the GASB's Order Department at 800/748-0659 or via its Website at www.gasb.org. |
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