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Abstract: 

The Governmental Accounting Standards Board (GASB) continued deliberations on several ongoing projects, including sales and pledges of receivables and future revenues, conceptual framework-elements of financial statements, derivatives, fund balance reporting, and pollution remediation. The Board also issued a new Statement, a Concepts Statement, and two implementation guides. In addition, a guide designed to help users understand state and local government service efforts and accomplishments reporting

Keywords: Financial Statements; Derivatives; Fund Balance Reporting; Termination Benefits Accounting

Affiliations:  1: Randolph-Macon College.