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December 25, 2020
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December 25, 2020


Review GASB Statement 34. In your initial post:

  • Discuss the major contents of the fund financial statements and government wide financial statements. Address why those statements are necessary in the government annual report.
  • Specify what government financial statements are required to be included in the annual report. Then, compare and contrast the major contents of a selected fund financial statement or a government wide financial statement to a similar financial statement prepared under GAAP.
  • Compare and contrast the users, objectives, contents and format of the government financial statement you selected and its GAAP counterpart.

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