GASB White Paper: Why Governmental Accounting and Financial Reporting Is—and Should Be—Different

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Executive Summary
Main Text
Appendix A: Distinguishing Characteristics of the Governmental Environment
Appendix B: Additional Examples of How Governmental Accounting Differs from Business Enterprise Accounting
Appendix C: Brief History of Governmental Accounting Standards Setting
Appendix D: Significance of State and Local Governments
Glossary

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