Financial Condition Assessment

A Financial Condition Assessment is a condition assessment for an economic entity.

• • …
• Example(s):
  • a Governmental Entity Financial Condition Assessment.
  • …
• Counter-Example(s):
  • a Financial Risk Assessment.
• See: Financial Position Statement.

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References

2011

• http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176156742174
  • QUOTE: Economic condition is a composite of a government's financial health and its ability and willingness to meet its financial obligations and commitments to provide services. Economic condition includes three components: financial position, fiscal capacity, and service capacity.

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