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GASB 34 and government financial condition: an analytical toolbox.(Governmental Accounting Standards Board)

Government Finance Review

| April 01, 2004 | Chase, Bruce W.; Phillips, Robert H. | COPYRIGHT 2004 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Most governments have now implemented the new reporting requirements mandated by Governmental Accounting Standards Board Statement No. 34, and are now faced with the task of explaining the results to citizens, policymakers, and government officials. When the new reporting model was adopted, the GASB issued the following statement in a news release:

 
   "Never before has the public" been able to get a comprehensive 
   overview of a state or local government's finances in one place. 
   This new reporting system will give citizens a clearer picture of 
   what a government is doing with the taxes it collects." 

How can this information be used to analyze the ...

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