According to the Guidance of GASB Concepts Statement 3, Financial

question 60

True/False

According to the guidance of GASB Concepts Statement 3, financial information can be communicated by recognition in the financial statements, disclosure in the notes to the financial statements, presentation as required supplementary information, or presentation as supplementary information.

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Definitions:

Synopsis

A brief summary or overview of the main points of a text, presentation, or piece of work.

Executive Summary

A brief section at the beginning of a document, report, or proposal that summarizes the main points for a quick overview.

Limitations

Restrictions or constraints that limit what can be done or how something can be done.

Proposal

A detailed plan or suggestion put forward for consideration by others, especially in a business or academic context.