GASB 34

Encyclopedia : G : GA : GAS : GASB 34

GASB stands for Governmental Accounting Standards Board. In June 1999, GASB Statement 34 (or GASB 34) was published. GASB 34 requires state and local governments to begin reporting the value of their infrastructure assets, including roads, bridges, water and sewer facilities, and dams, in their annual financial reports on an accrual accounting basis.

References

• http://www.ctre.iastate.edu/gasb34/gasb341.pdf

 

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