Under GASB standards, every government, regardless of its size, is instructed to prepare a cash budget for each month of the fiscal year.

Question

Quizplus · Accepted Answer

While GASB standards do require governments to prepare a budget, they do not require a specific format or frequency of budget preparation. Governments may choose to prepare a cash budget for each month, but it is not a requirement.

Under GASB Standards, Every Government, Regardless of Its Size, Is