The US Governmental
Accounting Standards Board (GASB) has proposed new requirements for
the reporting of deferred inflows of resources, deferred outflows
of resources and net position in a statement of financial
position.

The Financial
Reporting of Deferred Outflows of Resources, Deferred Inflows of
Resources and Net Position
exposure draft aims to improve
financial reporting by reducing uncertainty over the financial
statement presentation of deferrals and their effects on a
government’s net position, GASB said.

“It would alleviate
uncertainty about reporting those financial statement elements by
providing guidance where none previously existed,” GASB
said.

The deadline for
feedback on the draft is 25 February 2011.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData