The Bond Buyer

GASB reaching out to localities and tribes

The GASB is looking for comments on its upcoming technical agenda while rolling out a series of videos aimed at helping stakeholders understand government financial reports.
The Bond Buyer

Executive changes at GASB with David Bean's retirement

Georgia native Alan Skelton will succeed David Bean as director of research and technical activities at the Governmental Accounting Standards Board April 1. Processing Content Bean, who has served as ...
Accounting Today

Navigate GASB 87 and 96 standards with accounting solutions

The implementation of GASB Statements 87 and 96 has brought significant changes to how government entities report leases and subscription-based information technology arrangements. A thorough ...
Accounting Today

GASB proposes implementation guidance for financial reporting model improvements

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the ...
Forbes

GASB Public Employee Pension Disclosures Aren't Merely Insufficient, They're Part Of The Problem.

Forbes contributors publish independent expert analyses and insights. The real truth about retirement, available only here. My recent article, “Puerto Rico Illustrates Need For New Public Employee ...
Governing

The Trouble with GASB

In the world of public finance, a long-running debate over what’s included in state and local financial statements is reaching new heights. At issue is the Governmental Accounting Standards Board ...
Townhall

Critics Decry GASB Standards That Allow Governments to Hide Debt

GASB’s “Project 3-20: Recognition of Financial Statement Elements,” has seen its share of blowback from concerned parties. The concept would allow governments to continue their standard of cash-based ...
Government Technology

The Great GASB

Governments big and small, state and local, issue them every year. But is there anyone who actually considers even the most well written and stylized Comprehensive Annual Financial Report (CAFR) a ...
JD Supra

GASB 77 - What Is It, And How Can We Prepare?

1. What is GASB 77 and why does it exist? GASB 77 is an accounting pronouncement applicable to the financial statements of state and local governments. In order for their financial statements to be ...
Forbes

GASB 87: Six Steps To Success Under The New Lease Accounting Standard

Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to the many ...
JournalofAccountancy

GASB proposes new GAAP hierarchy for state and local governments

A new GASB proposal is designed to help state and local governments clearly identify the appropriate guidance to apply to their financial reporting. GASB on Thursday issued the proposal, The Hierarchy ...
JournalofAccountancy

GASB guidance focuses on improving, clarifying standards for accounting changes

GASB issued guidance Monday designed to improve the accounting and financial reporting requirements for accounting changes and error corrections. GASB Statement No ...