GLTDAG

AcronymDefinition
GLTDAGGeneral Long-Term Debt Account Group
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References in periodicals archive ?
Accrual accounting requires that any increases in long-term liabilities reported in the GLTDAG that are related to services of the current period (e.g., vacation leave, unfunded pension contributions, claims and judgments, special termination benefits, and closure and postclosure care costs) be recognized as an expense of the current period.
In this case, the current portion of long-term debt is presented separately but combined with the long-term debt accounted for in the GLTDAG as a reduction of long-term equity that is payable from future resources.
Both the majority and the minority views would also recognize pension-related bonds, now reported in the GLTDAG, as a fund liability.