In addition to financial statements and notes,GASB requires governments to provide information on service efforts and accomplishments (SEA)in their reports to the public.
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Q2: The Governmental Accounting Standards Board (GASB) is
Q3: The FASB, GASB, and FASAB all focus
Q5: The Federal Accounting Standards Advisory Board (FASAB)
Q7: The FASB standards require not-for-profit entities to
Q10: Providing information on accountability is the primary
Q16: A difference in the financial reporting objectives
Q17: The minimum requirements for general purpose external
Q17: Since neither governmental nor not-for-profit entities have
Q18: Examples of general purpose governments include cities,
Q18: Neither governmental nor not-for-profit entities have residual
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