At the state and local level of the United States, the Government Accounting Standards Board (GASB) make the accounting and financial rules. A major change came in June 1999 when GASB introduced accrual and consolidated rules with fund accounting taking a secondary role.
At the state and local level of the United States, the Government Accounting Standards Board (GASB) sets the accounting and financial regulations. A significant change occurred in June 1999 when GASB introduced accrual and consolidated rules, with fund accounting playing a secondary role.