Financial Accounting for Local and State School Systems: 2009 Edition
NCES 2009-325
June 2009


Exhibit 1.  Measurement focus and basis of accounting for financial statements
 
Financial statements Measurement focus Basis of accounting
Government-wide financial statements Economic resources Accrual
Governmental funds financial statements Current financial resources Modified accrual
Proprietary funds financial statements Economic resources Accrual
Fiduciary funds financial statements Economic resources Accrual