Recognition and measurement of certain liabilities and expenditures in governmental fund financial statements: an interpretation of NCGA statements 1, 4, and 5; NCGA interpretation 8; and GASB statements No. 10, 16, and 18
Governmental Accounting Standards Board, 2000 - Business & Economics - 37 pages
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Recognition and Measurement of Certain Liabilities and Expenditures
Basis for Conclusions 3266
1 other sections not shown
34 Codification instructions Accounting Standards Board accrual modification accrue available financial resources Basis for Conclusions basis of accounting Board concluded budget claims and judgments closure and postclosure compensated absences liabilities criterion current Codification paragraph current financial resources debt service fund Debt Service Liabilities effective date eventual payment example expendable available financial extent the liabilities FASB financial reporting standards financial statements prepared formal debt issues fund balance fund financial statements funding policy Future Payments GAAP GASB Statement GASBl GASBS 34 Codification Govemmental government's budgetary basis Governmental Accounting Standards governmental fund financial governmental fund liabilities incurred landfill closure liabilities and expenditures liquidated with expendable long-term debt long-term indebtedness long-term liabilities mature ment modified accrual basis modified accrual recognition NCGA Statement normally expected outflows of current paragraph 43 payment of unmatured postclosure care costs proposed interpretation recognized reported in governmental resource accumulation Revise GASBS 34 special termination benefits Statement 34 transactions unmatured liabilities