Questions and Answers on Financial Reporting Entity Issues

Loyd, D. Scot; Crawford, Michael A.
February 2008
Governmental GAAP Update Service;2/15/2008, Vol. 8 Issue 3, p1
Trade Publication
The article presents questions and answers related to Generally Accepted Accounting Principles (GAAP) in the U.S. including the criteria used in identifying a local government as a primary government, the importance of having a primary government distinction and the requirements to be applied in determining whether nongovernmental organizations are component units.


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