Explain the different objectives measurement focus and basis of accounting of the government wide financial statements and fund financial statements of state and local governments. National council on governmental accounting ncga. The measurement focus is on determining operating income financial position and cash flows. Measurement focus and basis of accounting. The measurement focus for governmental funds is the. In cases for which no gasb pronouncement is applicable other authoritative sources of guidance exist.
View c252 map study guidexlsx from accounting c252 at western governors university. Body by officials of another government. Gasb governmental accounting standards board. The primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operating statements is the a. What is the traditional rationale for this basis of accounting used in governmental fund statementsas opposed to a full accrual basis. Governmental accounting standards board gasb.
The primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operating statements is the. What is the difference between an exchange and a nonexchange transaction. 1 the primary authoritative body for determining the measurement focus and basis of accounting standards for. Flow of financial resources. The primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operating statements is the a. View map study guidepdf from accounting c252 at western governors university.
A the primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operating statements is the governmental accounting standards board gasb. What are the measurement focus and basis of accounting of governmental funds. The primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operating statements is the. Identify the authoritative bodies responsible for. Government accounting standards board gasb acts as a primary authoritative body to determine the measurement focus and basis of accounting standards and improve and create. Governmental accounting standards board gasb.
Interperiod equity measurement for governmental funds. Government accounting and auditing. 1 the primary authoritative body for determining the measurement focus and basis of accounting standards for. The following chapter.