X hits on this document

62 views

0 shares

0 downloads

0 comments

5 / 28

Chapter 11

Granof-5e

Chapter 11

Granof-5e

Criteria for Reporting Entities

GAAP is GASB Statement No.14, The Financial Reporting Entity and GASB Statement No. 39, Determining Whether Certain Organizations are Component Units.

Reporting entity should consist of:

-primary government and

-component units.

Primary government: any state government, general purpose local government, or a special purpose state or local government.

Special purpose government must:

-Have a separately elected governing body

-Be legally separate from primary government and be fiscally independent of other governments

-Have authority to determine its budget, levy taxes, and issue bonds.

Document info
Document views62
Page views62
Page last viewedTue Dec 06 09:47:35 UTC 2016
Pages28
Paragraphs499
Words2150

Comments