Discussion Post: Consistency in Accounting and Financial Reporting
Organizational standards require that there should be some sort of conceptual consideration to ensure consistency. To explore this idea, go to the Governmental Accounting Standards Board website, key in the keywords concept statement in the search field, and hit enter. Then select one of the six GASB concept statements summaries, review the information, and then summarize this information in your own words. While no specific number of words is required, ensure you adequately cover the material for the class. Assume several paragraphs will likely be needed to summarize this material properly. For details on how to best summarize, review the Writing Center's guide Quoting, Paraphrasing, & Summarizing.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.