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Government-Wide Financial Statements
Comprehensive financial reports that provide an overview of a government's net position and financial activities, differentiating between governmental and business-type activities.
Intra-Activity Transactions
Transactions that occur between divisions within the same company, affecting only internal accounts without impacting the company's financial position to external parties.
GASB Concepts Statement No. 1
A framework provided by the Governmental Accounting Standards Board outlining objectives and concepts for general purpose external financial reporting by state and local governments.
Fund Balance Categories
Classification of fund balances in governmental accounting that indicates the extent to which spendable resources are subject to external restrictions or are designated for specific purposes.
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