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

#titISA 8le.., #question STATEMENT OF COMPERIHENSIVE INCOME

#question STATEMENT OF COMPERIHENSIVE INCOME

Accounting, During 2011, Lavina Corporation had cash and credit sales of $9...

During 2011, Lavina Corporation had cash and credit sales of $94,000 and $91,000, respectively. The company also collected accounts receivable of $53,400 and incurred expenses of

Rohan., A firm of manufactures, whose books are closed on 31st December, pu...

A firm of manufactures, whose books are closed on 31st December, purchased machinery for Rs.50,000 on 15 January, 2010. Additional Machinery was acquired for Rs.10,000 on 1st July,

Issue of shares, What take place in a rights issue of shares? 1. Any pre...

What take place in a rights issue of shares? 1. Any premium on issue is added to a capital reserve. 2. Any type of premium on the issue is added to a revenue reserve. 3. A

Lease, why Accountant prefer commercial substance than legal form?

why Accountant prefer commercial substance than legal form?

Net sales, This includes both cash and credit sales of goods. From this dem...

This includes both cash and credit sales of goods. From this demonstration of total sales, sales return also termed as Returns Inward, if any then is deducted in the inner column a

The book of Deven Verma could not be tallied. The ac, The book of Deven Ver...

The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la

Help with case problem, Hello, I am interested in help on an ACCO 310 case...

Hello, I am interested in help on an ACCO 310 case which is due on Tuesday the 13th at 12 PM. Please contact me at your earliest convenience and hopefully we can work something ou

Question, How long after payment will it take to get a response#question?

How long after payment will it take to get a response#question?

Accounting Theory And Practice, Explain the procedure followed in governmen...

Explain the procedure followed in government system of accounting in india

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages