GASB is conducting pre-agenda research on reporting revenue from exchange transactions. Common examples of exchange transactions that produce revenue for governments include user charges for water, sewer, and electricity and fees for parking lots and street meters. The project team has designed an online survey to assess the information regarding revenue from exchange transactions that is essential to meeting user needs.
The objective of this research is to gather feedback on these broad questions:
- What information regarding revenue from exchange transactions is essential for decision-making and assessing government accountability?
- How important is information regarding revenue from exchange transactions to the analysis of the financial statements of governments?
- How do the perceptions of the benefits of the information in financial reports compare with the costs of applying the relevant accounting standards?
The survey need not be completed in one session. If you save your responses, you will be provided an individualized link to return to your survey at a later date to complete it. If you would like to respond to the survey by phone or have any questions, please feel free to contact Amy Shreck of the GASB project team at [email protected].
The deadline for completing the survey is Friday, February 19, 2016.