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Measuring Financial Condition: A Study of U.S. States.
- Source :
- Public Budgeting & Finance; Summer2007, Vol. 27 Issue 2, p1-21, 21p, 4 Charts, 2 Graphs
- Publication Year :
- 2007
-
Abstract
- This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02751100
- Volume :
- 27
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Public Budgeting & Finance
- Publication Type :
- Academic Journal
- Accession number :
- 25007153
- Full Text :
- https://doi.org/10.1111/j.1540-5850.2007.00872.x