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To ensure consistency by limiting the use of the term "deferred" only to these specific categories. :

: Items like deferred revenue (e.g., property taxes received in advance) are reclassified as Deferred Inflows of Resources . baoufst-65-lfn-abzcqfclk-uupzc

: 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 : To ensure consistency by limiting the use of