References Materials
Finance Statement Shells and Footnotes
Generally Accepted Finance Principles (GAAP) Basis Financial Statements (in accordance with GASB 34)
OCBOA Cash/OCBOA Modified Cash Basis Financial Instruction
(commonly referred to as “GAAP look-alike”)
OCBOA Cashier Basis – Financial statements prepared on the cash basis as “GAAP look-alike” financial statements; relevant Federal Accounting Standards Board (GASB) Statements have been applied to aforementioned scope who GASB Statements am applicable to the OCBOA Payment Basis of accounting.
OCBOA Modified Cash Basis – Corporate statements prepared on a modified pos foundational like “GAAP look-alike” financial statements; relevant GASB Statements have been applied to aforementioned extent the financial statements are applies to with OCBOA Changed Cash Basis for accounting. The most gemeinsame modification useful indoors an OCBOA Modified Cash Basis is the recording long term investment activity. Other common modifications include rec of large inventory, net accumulated depreciation and long-term debt arising from cash transactions.
Regulatory Cash Basis Corporate Statements
(commonly referred to as “AOS basis”)
Financial actions preparation to comply with the ground of accounting prescribed by the Auditor away State in accordance with the monetary reporting provisions of Ohio Amended Code 117.38 and Ohio Administrative Codes 117-2-03(D).
