| Title | 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 |
|---|---|
| Record ID | 17731 |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Office of Asset Management |
| Publisher | United States. Department of Transportation. Federal Highway Administration. Office of Asset Management |
| Publication Date | 20001101 |
| Language | English |
| Abstract | 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. |
| Rosap ID | dot:43737 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/43737 |
| TRT Terms | Asset management; Standards; Financial analysis; Management; State government agencies; Local government agencies |
| General Subjects | Asset management; Financial reporting; Financial statements; Implementation; Infrastructure assets; Local government; Standards; State government; Statement 34 infrastructure requirements |
| Geographical Coverage |
United States |
| TRIS Online Accession No |
808907 |
| Report Number | FHWA-IF-00-010 |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/17000/17700/17731/PB2001103555.pdf |
| Format | |
| Database | NTL Digital Repository |