Governmental Accounting Standards Board means a board with a mission establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports.
Governmental Accounting Standards Board means the recognized official source of generally accepted accounting principles (GAAP) for state and local governments.
Governmental Accounting Standards Board. (“GASB”) means the board whose purpose is to establish GAAP for state and local governments within the United States.
Examples of Governmental Accounting Standards Board in a sentence
Additional contract and contact information is available on the State’s website at: xxxxx://xxxxxxxxxxx.xx.xxx/files/contracts/IT%20Leasing%20Update%201%2011%202019.pdf • Option 3 – Equipment Rental Allowance Plan / Cost per Copy NOTE 1: Under the Governmental Accounting Standards Board (GASB) GASB87 Statement, effective 7/1/2021 for fiscal year 2022 will require amortization of transactions completed under this Option.
More Definitions of Governmental Accounting Standards Board
Governmental Accounting Standards Board. (“GASB”) Statement 45-Addresses how “Other Post Employment Benefits” (“OPEB”) other than pensions are recorded in financial statements.
Governmental Accounting Standards Board or “GASB” shall mean the governing body which has established the hierarchy of authoritative Generally Accepted Accounting Principles (GAAP) for state and local governments. GASB regulates governmental fund accounting treatment and reporting.