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The Governmental Accounting Standards Board (GAS) Statement #39 requires school districts to consider the financial activities of all parent teacher organizations, booster clubs, foundations and other
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The governmental accounting standards are rules and guidelines set by the Governmental Accounting Standards Board (GASB) to govern the accounting practices of state and local governments.
State and local governments, as well as other governmental entities, are required to comply with the governmental accounting standards.
The form for governmental accounting standards must be completed following the guidelines and instructions provided by the GASB.
The purpose of the governmental accounting standards is to ensure transparency, accountability, and consistency in financial reporting for governmental entities.
The form typically requires information on the entity's financial position, revenues, expenditures, assets, liabilities, and other financial activities.
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