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GROUP INTERNETBASED Coursework Disclosures and RSI for Pensions and Other Postemployment Benefits (OPEN) November 28, 2018, and again on January 31, 2019 2:00 pm to 4:00 pm (ET) LEVEL: Intermediate
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Gather all relevant financial information.
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Identify the reporting entity and determine the period covered by the financial statement.
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Review the requirements and guidelines of GASB Statement Nos 74 to understand the specific disclosures and reporting requirements.
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Prepare the financial statements in accordance with GASB Statement Nos 74, ensuring all necessary information is included.
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Who needs gasb statement nos 74?

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Governmental organizations and entities that follow Generally Accepted Accounting Principles (GAAP) in the United States need to comply with GASB Statement Nos 74. This includes state and local governments, school districts, universities, and other similar entities.
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Gasb statement nos 74 provides guidance on financial reporting for state and local governments.
State and local governments are required to file gasb statement nos 74.
Gasb statement nos 74 should be filled out following the guidelines provided by the Governmental Accounting Standards Board.
The purpose of gasb statement nos 74 is to improve financial reporting and ensure transparency in state and local government finances.
Gasb statement nos 74 must include information on financial position, results of operations, and cash flows.
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