Government-wide Financial Statements Definition | Becker

Accounting Dictionary

Government-wide Financial Statements

Government-wide financial statements convert disaggregated fund-based financial statements using multiple measurement focuses and bases of accounting to a single consolidated set of financial statements that use the full accrual basis of accounting and the economic resources measurement focus. Financial activity of the primary government is classified into governmental activities and business?type activities. Government?wide financial statements are the statement of net position and the statement of activities. See also fund financial statements.

Related Terms:

Fund Financial Statements [FARBAR]Back to Dictionary

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