The GASB establishes accounting and financial reporting standards for U.S. state and local governments that follow generally accepted accounting principles (GAAP). The Governmental …

The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, …

As resources allow, the GASB staff responds to technical inquiries about governmental accounting and financial reporting to support the uniform application of generally accepted …

Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and …

Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments: Omnibus—an amendment of GASB Statements No. 21 and No. 34 Issued June …

The Governmental Accounting Research System™ (GARS) provides access to all U.S. generally accepted accounting principles (GAAP) for state and local governments. It includes material …

The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34 (Issued 11/10) SUMMARY. The objective of this Statement is to improve financial reporting …

A1. The term nonfinancial asset appears throughout the GASB literature. Beginning with the issuance of Statement 34, as amended, many long-lived nonfinancial assets have been …

Below are questions and answers that should help explain why the GASB members made this decision and what the research will entail. 1. Why did the GASB decide to reexamine …

This statement provides guidance on accounting and financial reporting for leases.