Implementation Guide Available for GASB 44

The Governmental Accounting Standards Board has published a 120 question guide to newly implemented GASB Statement 44, which updates and expands statistical reporting requirements for state and local governments. Over 160 illustrations demonstrate such issues as identifing major own-source revenues, calculating debt ratios, identifying demographic, economic and capital asset information and determining net assets and changes in net assets--often for a 10 year trend period.