Pollution Clean Up and Termination Benefit
Reporting GASB Standards
ACC380: Accounting for Not-for-Profit Organizations
June 11, 2012
Pollution Clean Up and Termination Benefit Reporting GASB Standards
The Government Accounting Standards Board or GASB has been created to provide ethical and credible solutions to various government accounting reporting activities. The GASB has to review many activities that affect the investors, accountants, auditors, creditors, and citizens. The GASB takes information that is gathered from many different activities or projects those governments and their other organizations perform, and use this information to determine ways to report the costs that these activities and projects create. GASB Statement 49 Accounting and Financial Reporting for Pollution Remediation Obligations was issued to help account...