To reclassify certain financial statement elements as or deferred inflows of resources .
: Specific items previously called assets (like certain derivatives or service concession arrangements) now move to this category.
: These elements are reported separately from assets and liabilities to show the "net position" of a government entity.
The string provided appears to be a garbled or encoded reference to , which deals with "Items Previously Reported as Assets and Liabilities." This standard is a fundamental part of local government financial reporting. Report: Implementation of GASB Statement No. 65 Core Objective :
To ensure consistency by limiting the use of the term "deferred" only to these specific categories. :
Reporting entities, including those filing through the Michigan Treasury Online Filing system , must use these classifications to remain in compliance with Generally Accepted Accounting Principles (GAAP).
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