The GASB recommends that budget-to-actual comparison information be provided as which of the following?
A) A stand-alone financial statement.
B) A schedule in the notes to the financial statements.
C) As a part of the basic financial statements.
D) As a required supplementary information schedule.

Question

Quizplus · Accepted Answer

The GASB recommends that budget-to-actual comparison information be presented as a required supplementary information schedule, which is presented after the basic financial statements but before the notes to the financial statements. This schedule is necessary to provide information about whether the actual results are consistent with the budgeted amounts and to aid in evaluating the government's fiscal performance.

The GASB Recommends That Budget-To-Actual Comparison Information Be Provided as Which