–Include governmental and business
type activities
•Economic
resources measurement
•Accrual
basis of accounting
•
•
•
GASB believe
that users want information which is government wide in nature, rather than
fund based.They believe that it
demonstrates operational accountability.
The Statements
focus on governmental and business type activities of the primary government.
Component units
are shown in a separate column.
Accrual basis
accounting is used for all activities.
Fiduciary Funds
are not reported in the government wide statements.