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Ch01 Student: 1. The Governmental Accounting Standards Board sets financial reporting standards for all units of government: federal, state, and local. True False2. Fund accounting exists primarily
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What is form governmental accounting standards?
Form governmental accounting standards, also known as GASB, is a set of accounting standards for state and local governments.
Who is required to file form governmental accounting standards?
State and local governments are required to file form governmental accounting standards.
How to fill out form governmental accounting standards?
Form governmental accounting standards can be filled out using the guidelines provided by the Governmental Accounting Standards Board.
What is the purpose of form governmental accounting standards?
The purpose of form governmental accounting standards is to provide transparency and accountability in the financial reporting of state and local governments.
What information must be reported on form governmental accounting standards?
Form governmental accounting standards require information on financial statements, notes to the financial statements, and required supplementary information.
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