Accounting and financial reporting for state and local governments use, in?

[Teresa G]

different places, either the economic resources measurement focus and the
accrual basis of accounting or the current financial resources measurement
focus and the modified accrual basis of accounting. Discuss the differences
in measurement focus and basis of accounting related to ( a ) the conceptual
differences, (
b ) differences in revenue recognition, (
c ) differences in expense/
expenditure recognition, (
d ) differences in recognition of fixed assets, and (
e )
differences in the recording of long-term debt.

(Copley, Paul. Essentials of Accounting for Governmental and Not-for-Profit Organizations, 10th Edition. McGraw-Hill Higher Education/CourseSmart, 03/02/2010. 18).
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