Accounting and Auditing Research and Databases by Thomas R. Weirich

Accounting and Auditing Research and Databases by Thomas R. Weirich

Author:Thomas R. Weirich
Language: eng
Format: epub
Publisher: Wiley
Published: 2012-08-26T16:00:00+00:00


Exhibit 4-4 Original Pronouncements

Source: GASB material reproduced with permission from the Financial Accounting Foundation.

The Codification in GARS arranges currently effective government accounting standards by subject. The Codification's opening screen for the table of contents is shown in Exhibit 4-5.

Exhibit 4-5 GASB Codification

Source: GASB material reproduced with permission from the Financial Accounting Foundation.

Example

A question has arisen regarding the depreciation method for roads and bridges in the state.

Check the topical index in GARS for “depreciation,” which refers to both the original GASB statement and the location in GASB's Codification. One can use either location referenced, but if one uses the Codification one must also cite the date of the Codification since the Codification changes. Although the answer appears quickly that governments may use any established depreciation method, it is smart to read all of the information referenced. Thus one also learns that governments may depreciate dissimilar assets of the same class, such as state roads and bridges.

If one does not subscribe to a database that includes GARS, then use the online GASB store, which offers the pronouncement, implementation guide, and other documents. The pronouncements include GASB Statements, Interpretations, Technical Bulletins, and exposure drafts. Each statement is separately priced at slightly more than $20. If necessary, find summaries of GASB Statements and Interpretations at GASB's website under the “Technical Issues” tab and then down the menu to “Summaries/Status.”



Download



Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.