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Capitalization of Collections

The Capitalization of Collections Ethics Position Paper #1

American Association for State and Local History (AASLH)

The AASLH provides its position paper on the capitalization of collections in which they assert that collections should not be considered financial assets.

Statement of Financial Accounting Standards No. 116

Financial Accounting Standards Board (FASB)

The FASB provides the full Accounting for Contributions Received and Contributions Made statement. (PDF, 61 pages) (Updated statement from 2019 available here. PDF, 18 pages)

Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments

Governmental Accounting Standards Board (GASB)

Governmental Accounting Standards Board (GASB) offers information about Statement 34, which establishes new financial reporting requirements for state and local governments throughout the United States.

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