GASB 34: What is it and why should you care?
- Articles from Technology News
- Asset Management and GASB 34 for Transportation Agencies
- Online resources
- Other resources
A change is coming in generally accepted accounting practices that will affect many of Iowa's state and local governments. Under the new Governmental Accounting Standards Board Statement No. 34, many agencies will begin reporting current values for their transportation infrastructures (roads, bridges, etc.) in their annual financial reports. Below you'll find background information (including articles from Technology News), lists of online and hard-copy resources, and regularly updated training information.
- What's GASB 34--and why should you care? (120 kb *pdf file) January–February 2000
- Complying with GASB 34: How to value capital assets (83 kb*pdf file) March–April 2000
- GASB 34: The modified reporting approach as part of an asset management system (234 kb *pdf file) May–June 2000
- Complying with GASB 34: help is on the way (167 kb *pdf file) March–April 2001
- GASB 34: Look before you leap (77 kb*pdf file) May–June 2001
- GASB Statement 34: On-ramp to transportation asset management or detour to business as usual? (119 kb *pdf file) March–April 2003
- GASB Statement 34: Iowa's small and midsize communities respond (77 kb *pdf file) September–October 2003
Technology News is the Iowa Local Technical Assistance Program (LTAP) newsletter.
This workshop offered a basic introduction to asset management tools and strategies and the implications of "GASB 34" standards to transportation agencies. It was held November 14, 2000, in Kansas City, Missouri.
Presentations from the workshop
- Introduction to asset management: part 1 (1.3 mb *pdf file)
- Introduction to asset management: part 2 (904 kb *pdf file)
- Accounting fundamentals (118 kb *pdf file)
- Asset management policy issues (269 kb *pdf file)
- Data needs and collection tools (130 kb *pdf file)
- Decision support tools implementation (150 kb *pdf file)
American Institute of Certified Public Accountants
Government Accounting Standards Board
Government Accounting Standards Board (GASB) Statement No. 34 Basic Financial Statements and Management's Discussion and Analysis for State and Local Governments (June 1999) ($12 each copy)
GASB Implementation Guide Guide to Implementation of GASB Statement 34 on Basic Financial Statements and Management's Discussion and Analysis for State and Local Governments ($26 each copy)
Participants' Manual for the Satellite Videoconference on GASB StatementNo. 34, sponsored by the Association of Government Accountants and the National Association of State Auditors, Comptrollers and Treasurers (May 3, 2000)
The Government Finance Officers Association's (GFOA) publication: An Elected Official's Guide to the New Governmental Financial Reporting Model (written by Stephen J. Gauthier; 78 pages, $10 each copy)
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