Rank the following documents in the proper order in the governmental GAAP hierarchy:
A. GASB Implementation Guide.
B. GASB Interpretation.
C. GASB Technical Bulletin.
D. AICPA Practice Bulletin.

Question

Rank the following documents in the proper order in the governmental GAAP hierarchy: 
A. GASB Implementation Guide.
B. GASB Interpretation.
C. GASB Technical Bulletin.
D. AICPA Practice Bulletin.

Quizplus · Accepted Answer

The proper order in the governmental GAAP hierarchy is as follows:
1. GASB Statements
2. GASB Interpretations
3. GASB Implementation Guides
4. GASB Technical Bulletins
5. AICPA Practice Bulletins

Therefore, the correct order is: 
B. GASB Interpretation.
C. GASB Technical Bulletin.
D. AICPA Practice Bulletin.
A. GASB Implementation Guide.

Choice C puts them in the correct order from 2-5.

Rank the Following Documents in the Proper Order in the Governmental