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Definitions for: Government Accounting Standards Board (GASB)
Government Accounting Standards Board (GASB)

organization that formulates accounting standards for governmental units. It is under the auspices of the Financial Accounting Foundation and replaced the National Council on Government Accounting.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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Financial Accounting Standards Board
Establishes standards of financial accounting and reporting for private-sector entities, including businesses and not-for-profit organizations.

Founded: 1973