Generally Accepted Accounting Principles (GAAP)
Resources to support the preparation of GAAP financial statements for state and local governments.
External Resources
These resources include guidance and tools from the Governmental Accounting Standards Board (GASB), such as the ACFR video series and the Governmental Accounting Research System (GARS), as well as best practices developed by the Government Finance Officers Association (GFOA).
- GASB Video Series (ACFR Overview) Website Learn about the annual comprehensive financial report and its key components.
- Governmental Accounting Research System (GARS) Website Access GASB codification, original pronouncements, and implementation guidance.
- GFOA Best Practices Website Policies and procedures that promote improved government management.
AOS Resources
The Auditor of State’s Office provides additional guidance on GASB-related topics through Frequently Asked Questions (opens in a new tab)
WebGAAP
WebGAAP is an internet-based application designed to help local governments convert cash basis financial information into GAAP-compliant financial statements. Learn more about WebGAAP
GASB Bulletins
The Auditor of State Office provides bulletins explaining the more significant GASB pronouncements. The more recent bulletins address the following GASB pronouncements beginning with GASB 54:
- 2011-004 GASB 54 – Fund Balance Reporting PDF
- 2015-006 GASB 68 – Pensions PDF
- 2017-001 GASB 77 – Tax Abatement Disclosures PDF
- 2018-002 GASB 75 – Postemployment Benefits PDF
- 2020-003 GASB 84 – Fiduciary Activities PDF
- 2022-009 GASB 87 – Leases PDF
- 2023-005 GASB 96 – SBITAs PDF
- 2025-004 GASB 101 – Compensated Absences PDF
For a complete list of bulletins, search by year or topic—see the Auditor of State’s Technical Bulletins(opens in a new tab)