In addition to the fund basis statement,GASB Statement 34 requires government-wide statements that are prepared using the modified accrual basis and the economic resources measurement focus.

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GASB Statement 34 requires fund basis statements to be prepared using the modified accrual basis and the current financial resources measurement focus. However, it requires government-wide statements to be prepared using the full accrual basis and the economic resources measurement focus.

In Addition to the Fund Basis Statement,GASB Statement 34 Requires