To ensure consistency by limiting the use of the term "deferred" only to these specific categories. :
To reclassify certain financial statement elements as or deferred inflows of resources . baoufst-65-lfn-abzcqfclk-uupzc
: 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 : To ensure consistency by limiting the use of
: GASB 65 alters how major funds are calculated by including these deferred elements in the percentage-based tests. Compliance for Local Governments : baoufst-65-lfn-abzcqfclk-uupzc