TITLE

GASB Statement No. 51, Accounting and Financial Reporting for Intangible Assets

AUTHOR(S)
Pearson, Robert
PUB. DATE
May 2010
SOURCE
Governmental GAAP Update Service;5/15/2010, Vol. 10 Issue 9, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents an analysis on the GASB Statement No. 51 for Accounting and Reporting for Intangible Assets (GASB-51), a guideline for the financial statements report of government bodies issued by the Governmental Accounting Standards Board (GASB) in June 2007 in the U.S. It cites the need to clarify the classification of the government's intangible assets for GASB-51. It notes the identification of periodic cost to the government's financial reports.
ACCESSION #
50320605

 

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