Year when the Governmental Accounting Standards Board (GASB) was organized?Select one:a.1994b.1985c.1983d.1984
Question
Year when the Governmental Accounting Standards Board (GASB) was organized?
Select one:
- a. 1994
- b. 1985
- c. 1983
- d. 1984
Solution
The Governmental Accounting Standards Board (GASB) was organized in the year 1984. Therefore, the correct answer to your question is:
d. 1984
GASB is responsible for establishing accounting and financial reporting standards for U.S. state and local governments. The standards set by GASB are crucial as they ensure transparency and accountability in the financial reporting of these government entities. Since its establishment, GASB has created a framework that helps in standardizing financial reporting, which is essential for maintaining the integrity of public resources and ensuring that stakeholders, such as taxpayers, have access to accurate financial information.
Similar Questions
Year when the Governmental Accounting Standards Board (GASB) announced plans to make basic changes in the reporting model.Select one:a.1997b.1998c.1984d.1986
In what year the generally accepted accounting principles for government established the GAAFR?Select one:a.1986b.1976c.1974d.None of the choices
Year when the Grameen bank founded?Select one:a.1942b.1986c.1976d.1975Clear my choice
Fill in the Blank QuestionFill in the blank question.In the annual report, you want to read shareholder's letters to see if their were met each year.
15. Which year the council of logistics management was established? Year 1956 Year 1976 Year 1996 Year 1986
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.