Discussion Post: GASB Standards Regarding Financial Reporting
Prior to beginning work on this discussion forum, read the article, Implications of GASB statement no.34 for reporting and accountability: The Georgia experience.
GASB has issued standards regarding basic financial reporting in Statement No. 34. To explore this idea, go to the Governmental Accounting Standards Board website, key in Statement 34 in the search field, and hit enter. Then review the information summary, and 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 must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.