: Some items previously capitalized (such as debt issuance costs, excluding prepaid insurance) must now be recognized as expenses in the period incurred according to the GASB 65 Summary . Financial Statement Impact :
: These elements are reported separately from assets and liabilities to show the "net position" of a government entity. baoufst-65-lfn-abzcqfclk-uupzc
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 : : Some items previously capitalized (such as debt