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Do the new government-wide full-accrual statements replace the existing fund statements?

April 26, 2017existing full-accrual fund government-wide replace statements

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Do the new government-wide full-accrual statements replace the existing fund statements?

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No. The new statements are in addition to, not instead of, the traditional fund statements. GASB recognizes the value of fund statements in demonstrating fiscal accountability , while the new government-wide statements demonstrate operational accountability .