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    Accounting for Governmental
  4. Exam
    Exam 9: Financial Reporting of State and Local Governments
  5. Question
    Explain Why Other Comprehensive Bases of Accounting (OCBOA)may Be Used
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Explain Why Other Comprehensive Bases of Accounting (OCBOA)may Be Used

Question 21

Question 21

Essay

Explain why other comprehensive bases of accounting (OCBOA)may be used by a state or local government instead of GASBS 34 standards which are generally accepted accounting principles (GAAP).

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Some small state and local governments m...

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