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  2. IAS 23 - Wikipedia

    en.wikipedia.org/wiki/IAS_23

    Where funds are borrowed specifically, costs eligible for capitalisation are the actual costs incurred less any income earned on the temporary investment of such borrowings (IAS 23.12). Where funds are part of a general pool, the eligible amount is determined by applying a capitalisation rate to the expenditure on that asset.

  3. Governmental accounting - Wikipedia

    en.wikipedia.org/wiki/Governmental_accounting

    Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures. Various governmental accounting systems are used by various public sector entities.

  4. Governmental Accounting Standards Board - Wikipedia

    en.wikipedia.org/wiki/Governmental_Accounting...

    The Governmental Accounting Standards Board (GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. [1] As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization.

  5. GASB 34 - Wikipedia

    en.wikipedia.org/wiki/GASB_34

    GASB 34 is a financial accounting standard issued by the Governmental Accounting Standards Board in the United States . GASB 34 provides a comprehensive framework for financial reporting with the objective of making annual reports easier to understand and more useful to the people who rely upon the financial condition contained therein.

  6. List of GASB Statements - Wikipedia

    en.wikipedia.org/wiki/List_of_GASB_Statements

    The Governmental Accounting Standards Board Statements (GASB Statements or GASBS) are issued by GASB to set generally accepted accounting principles (GAAP) for state and local governments in the United States of America. These statements are the most authoritative source for governmental GAAP.

  7. Accrual accounting in the public sector - Wikipedia

    en.wikipedia.org/wiki/Accrual_accounting_in_the...

    Accrual accounting in the public sector is a method to present financial information on government operations. [ 1 ] : 45 [ 2 ] : 3 Under accrual accounting , income and expenditure transactions are recognized when they occur, regardless of when the associated cash payments are made.

  8. Government spending - Wikipedia

    en.wikipedia.org/wiki/Government_spending

    Government spending or expenditure includes all government consumption, investment, and transfer payments. [ 1 ] [ 2 ] In national income accounting , the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure .

  9. Government Auditing Standards - Wikipedia

    en.wikipedia.org/wiki/Government_Auditing_Standards

    The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence; Due care