FOOT A COLUMN Definition

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FOOT A COLUMN is to add a column of numbers.  To test footing is to add the column again to check accuracy.

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GASB 34 is Government Accounting Standards Board Statement 34. GASB 34 provides the broadest changes in government accounting practices since the inception of Generally Accepted Accounting Practice (GAAP) for governmental agencies dating back to the 1930s. The principal change that GASB 34 requires of government entities is the reporting of the value of capital assets on Consolidated Annual Financial Reports (CAFR).

RECEIVABLE is an amount awaiting receipt of payment.

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