GASB 54, Fund Balance Reporting and Governmental Fund Type Definitions issued in March 2009, is yet to find its way into many textbooks currently being used for Non Profit and Governmental Accounting courses. The objective of the current paper is to suggest a way to include this update in the class lectures. It is hoped that the use of summary tables and brief summaries of the complex new requirements will ease the learning curve for the students and help instructors convey the information in an effective manner.

This article is from the Accounting Instructors’ Report, an electronic journal that provides teaching tips and insights to those who teach accounting and other business courses.

 

Contributor:
Hema Rao, SUNY – Oswego

 

Read A Classroom Aid for GASB 54 Fund Balance Reporting and Governmental Fund Type Definitions.