Baoufst-65-lfn-abzcqfclk-uupzc -

: Items like deferred revenue (e.g., property taxes received in advance) are reclassified as Deferred Inflows of Resources .

To ensure consistency by limiting the use of the term "deferred" only to these specific categories. : baoufst-65-lfn-abzcqfclk-uupzc

: Specific items previously called assets (like certain derivatives or service concession arrangements) now move to this category. : Items like deferred revenue (e

Reporting entities, including those filing through the Michigan Treasury Online Filing system , must use these classifications to remain in compliance with Generally Accepted Accounting Principles (GAAP). : Items like deferred revenue (e.g.

: Some items previously capitalized (such as debt issuance costs, excluding prepaid insurance) must now be recognized as expenses in the period incurred according to the GASB 65 Summary . Financial Statement Impact :