The fund classification system used by public schools follows the GASB standards.

Name: The fund classification system used by public schools follows the GASB standards.
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Question

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The Governmental Accounting Standards Board (GASB) sets the standards for financial accounting and reporting for state and local governments, including public schools. Therefore, the fund classification system used by public schools follows the GASB standards.

The Fund Classification System Used by Public Schools Follows the GASB