Primer: GASB 34. An FHWA Primer on the Governmental Accounting Standards Board's

摘要

In June 1999, the Governmental Accounting Standards Board (GASB) established anew financial reporting standards that will fundamentally change the way State and local governments report their financial results. Among other provisions, GASB Statement 34 (GASB34), 'Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments,' requires that major infrastructure assets acquired or having major additions or improvements in fiscal years beginning after June 15, 1980, be capitalized in financial statements. In addition, the cost of using the assets must be reflected.