Abstract

The Government Accounting Standards Board (GASB) issued GASB Statement No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments. This paper provides an overview discussion and analysis of the implications of GASB 34 for municipal utilities' water infrastructure asset reporting and the role of information technology in meeting those requirements. Also provided is a case study of Norfolk, Virginia Department of Utilities use of information technology and its approach for meeting GASB 34 requirememnts.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.