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Introduction | What's New? | Managing for Results | Budgeting for Results | Accounting for Results | Auditing for Results | Courses | GASB 34 Implementation | Contact Us
GASB Statement
No. 34 Overview Article |
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General fixed assets, including school department fixed assets, must be included on the new statement of net assets and depreciation must be recorded on the new statement of activities. This means that substantially all municipalities and school districts must address fixed assets NOW in order to have this information available on a timely basis. Massachusetts has been a leader in the implementation of GASB Statement No. 34. The South Shore Tri Town Development Corporation in Weymouth has been recognized by the GASB as the first Statement No. 34 implementation in the country. In addition, through the foresight of the Bureau of Accounts and the Massachusetts Municipal Auditors and Accountants Association, a Massachusetts Statement No. 34 model has been developed and tested with several municipalities, including the Town of Bellingham. A two day GASB 34
training program was conducted to Massachusetts municipal and school
district personnel on January 22 and 23, 2001 to discuss concepts and
practical implementation guidance. 73 municipal and school officials
attended. Refer to the syllabus
for the course content. If you would like additional GASB 34 implementation
training, please contact Mark D. Abrahams at BETTERGOV@aol.com.
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