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GAAP Setup Overview

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Purpose: This option allows the primary government to create component units to allow their discrete presentation on the entity-wide financial statements.

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The Display option will print the report on the screen. The other options will format the report for entering into a spreadsheet.


Sample Quick Report

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ADD a New Component Unit

Clicking on the Add Component Unit button brings up the following screen which allows you to enter data for an additional component unit.

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  • Component Unit - Enter up to a 4 digit component unit code.
  • Description - Enter the description for the new component unit.
  • Major - Check the box if you want this to be a major component unit. (i.e., to be presented in its own column in the entity-wide financial statements.)

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