Primer: GASB 34. An FHWA Primer on the Governmental Accounting Standards Board's Statement 34: Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments

Details

• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration. Office of Asset Management
• Subject/TRT Terms:
  • Asset management
  • Standards
  • Financial analysis
  • Management
  • State government agencies
  • Local government agencies
  • Asset management
  • Financial reporting
  • Financial statements
  • Implementation
  More +
• Publication/ Report Number:
  FHWA-IF-00-010
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration. Office of Asset Management
• Description:
  In June 1999, the Governmental Accounting Standards Board (GASB) established new financial reporting standards that will fundamentally change the way State and local governments report their financial results. Among other provisions, GASB Statement 34 (GASB 34), "Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments," requires that major infrastructure assets acquired or having major additions or improvements in fiscal years beginning after June 15, 1980 be capitalized in financial statements. In addition, the cost of using the assets must be reflected.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/43737/dot_43737_DS1.pdf
• File Type:
  [PDF - 3.19 MB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:dfe5f85f9a43a8924c6e2c507ee74c5d748a864a5922e1674f99fb437a75c1b55305557ee3652707f0b8229230a9e3a3bb3e7c5fa36e10778e018d0b78d635e2