Governmental accounting standards board, Accounting Standards

Assignment Help:

In 1984 the Governmental Accounting Standards Board (GASB) was recognized with a fulltime chairperson and four part-time members. The GASB issues statements on financial and accounting reporting in the governmental area. This organization is the private sector organization currently responsible for the development of new governmental accounting concepts and standards. The GASB as well has the authority to issue interpretations of these standards.

Related Discussions:- Governmental accounting standards board

Standard costing, the relevance of standard costing

the relevance of standard costing

Journal - accounting process, Journal is an every days record of business t...

Journal is an every days record of business transactions, this is also termed a 'Day Book' and is used for recording every day transactions in the order wherein they arise. It is

International accounting standard committee, International Accounting Stan...

International Accounting Standard Committee ( I. A. S.C. ) Defines inventories as Tangible property) a. Held for sale in the ordinary course of business. b. In the proces

Constructing a balance sheet, Comprising examined the conceptual origin of ...

Comprising examined the conceptual origin of the balance sheet we will here try to study the balance sheet by itself. We have observed that every transaction influences the financi

Accounting defined, The American Accounting Association is one of the accou...

The American Accounting Association is one of the accounting organizations discussed later in this Introduction it defines accounting as "the process of measuring, identifying, and

Accounting education change commission, Q. Accounting Education Change Comm...

Q. Accounting Education Change Commission? Accountants in practice as well as business executives have generally been dissatisfied with accounting graduates' capability to thin

When do I have to book a multi-year pledge, Hi, I work at a non-profit tha...

Hi, I work at a non-profit that recently received a $250,000 stock donation which is payment for a $1M pledge. The donor has written in an e-mail that he would like to give us th

Prepaid expenses, Prepaid Expenses In many conditions, like a custom, s...

Prepaid Expenses In many conditions, like a custom, some of the item of expenses is generally paid in advance such as rent, taxes, insurance and subscriptions. The rationale of

Depreciation, If I sold aan asset before its matured perid what will be it'...

If I sold aan asset before its matured perid what will be it''s Depreciation schedule?

Long Term Assets, Now assume that you have been asked how to account for th...

Now assume that you have been asked how to account for the destroyed drilling operation in the Gulf Mexico in terms of the destroyed right and lost natural resources. Provide a rat

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages