The government financial reporting manual is the technical accounting guide for the preparation of financial statements.
Financial reporting model reexamination in december 2016, the gasb issued an invitation to comment in its reexamination of the financial reporting model the model is the blueprint of state and local government financial reporting.
Governmental financial reporting objectives are influenced by the characteristics of the state and local governmental operating environment and by the needs of those who use governmental financial reports. Collecting and reporting additional financial information required by the governmentwide statements add to the complexity of financial reporting activities and have significant implications for the traditional focus and basis of accounting used in governmental financial statements.
This cgfm course is for financial management staff who want to learn about governmental accounting, financial reporting and budgeting. As such, governments adhere to a different set of financial reporting and accounting standards governmental accounting and financial reporting standards help stakeholders assess how public resources were acquired and how resources are or will be spent.
Financial report of the united states government - 2017 guide to understanding the annual financial report of the united states government html version of the financial report of the united states government. Reporting requirements for annual financial reports of state agencies and universities general accounting governmental reporting overview the basic financial statements consist of government-wide financial statements (gwfs), fund financial statements (ffs) and notes to the financial statements (notes.
Welcome to the local government financial reporting system (lgfrs) make sure to check out the new and improved lgfrs tool, updated with new functionality and features designed to improve the understandability of local government financial data using the classic-view report menu, you can explore unaudited annual financial data submitted to the state auditor's office by local governments. Financial reporting provides decision makers with financial information they need to make informed decisions and is the responsibility of the administrator of the public funds.