Government-wide financial statements present the government's financial position using the:

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Government-wide financial statements present the financial position of the government using the economic resources measurement focus and the accrual basis of accounting. This is because the government-wide financial statements are intended to provide users with information about the government's financial position and its ability to provide services to the public. The economic resources measurement focus takes into account all resources that are available to the government, including both financial and nonfinancial assets. The accrual basis of accounting provides a more complete picture of the government's financial position by recognizing revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid out.

Government-Wide Financial Statements Present the Government's Financial Position Using The