GASB Standards
GASB Standards are accounting and financial reporting guidelines established by the Governmental Accounting Standards Board (GASB) for state and local governments in the United States. They define how governmental entities should prepare and present their financial statements to ensure transparency, consistency, and comparability. These standards cover areas like fund accounting, pension reporting, and infrastructure assets.
Developers should learn GASB Standards when working on financial software, ERP systems, or data analytics tools for government agencies, as compliance is legally required for public sector financial reporting. It's essential for projects involving government budgeting, auditing, or regulatory compliance systems to ensure accurate data handling and reporting. Knowledge is also valuable for roles in consulting firms or software companies serving the public sector.