GASB Statement 44 covers this but the original requirements were from 1979, supplemented with GASB 34 then clarified in Statement 44.
But if you go to http://www.gasb.org/st/summary/gstsm44.html it talks about the original requirements in 1979 and three problems including one as a result of GASB 34. So, Statement 44 was issued.
What are the objectives of the statistical section.
What are the five categories of information it would contain?© BrainMass Inc. brainmass.com March 4, 2021, 11:33 pm ad1c9bdddf
Paraphrase and put this information into your own words. Cite sources as required by your instructor.
GASB Statement 44 "amends the portions of NCGA Statement 1, Governmental Accounting and Financial Reporting Principles, that guide the preparation of the statistical section."
The objectives of the statistical sections are three-fold and they relate to problems that were identified in the statistical section of NCGA Statement 1 which was first issued in 1979.
1. NCGA Statement 1 gave a list of 15 required schedules with no explanation as the nature or purpose of the information these ...
The solution explains the statistical bjectives of GASB 34 and 44.