GASB Statement No. 35

Abstract: 24 pages in length. According to the Government Accounting Standards Board, their proposed Statement 35 is a revision to Statement 34. This revision will amend Statement 34 to permit public colleges and universities, in separately issued financial statements, to use the guidance for special-purpose governments engaged only in business-type activities, engaged only in governmental activities, or engaged in both governmental and business-type activities in their separately issued reports. Under this guidance, in its separately issued reports, a public institution is required to include management's discussion and analysis (MD&A); basic financial statements, as appropriate for the category of special-purpose government reporting selected; notes to the financial statements; and required supplementary information other than MD&A. Bibliography lists 17 sources.

Filename: JGAgasbs.wps

Pages: 24

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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