GASB Proposes Guidance to Assist Stakeholders with Application of Statement No. 103, Financial Reporting Model Improvements www.gasb.org/news-and-mee... #GASB #Accounting

The #GASB has voted to approve Statement 105, Subsequent Events - in my opinion, a significant improvement over the existing standards, which are over 50 years old and never intended for governments. The substance is essentially the same but they are much easier to understand.

gasb.org

This engagement reflects the School of Public Service’s commitment to scholarship that informs both practice and policy. Congratulations to Dr. McDonald for advancing research that helps strengthen government accountability and transparency.

#PublicService #ODU #PublicFinance #FiscalHealth #GASB

The next meeting of the #GASB is April 29 to May 1. You can watch meetings live or recorded. The agenda:

· Implementation Guidance—Update
· Infrastructure Assets
· Revenue & Expense Recognition
· Subsequent Events
· Technical Plan
· Meeting w/ AICPA State and Local Government Expert Panel

Financial Accounting Foundation - the independent, private-sector, not-for-profit organization responsible for the oversight FASB and GASB - issues annual report accountingfoundation.org/2024annualre... #FAF #FASB #GASB

In a Nutshell: Severe Financial Stress and Probable Dissolution On Friday, March 28, the Governmental Accounting Standards Board posted a due process document for public comment: Preliminary Views (PV), Severe Financial Stress and Probable Dissolution Disclosur…

The #GASB posted a document for public comment, Severe Financial Stress and Probable Dissolution Disclosures, proposing to replace the standards for #goingconcern with separate evaluations of “severe financial stress” and “probable dissolution.” Here is a thumbnail sketch of the proposal.

GASB: 2024 in Review and What’s Ahead in 2025  | Carr, Riggs & Ingram GASB just issued five key documents that provide insight into the future of governmental accounting in 2025.

GASB marked its 40th anniversary in 2024 by issuing five documents, a significant uptick in its activity since the pandemic. Its recent achievements offer valuable insight into what to expect in 2025.

#GASB #GAAP #governmentalaccounting #standardsetting #accountingstandards

GASB is a non-political, independent group that started in 1984.
#finsurlog #finance #governmentalaccountingstandardsboard #GASB
Read more at: finsurlog.com/governmental...

GASB Pronouncement Effective Dates | Carr, Riggs & Ingram A quick guide that references gasb pronouncements and the effective dates for the definitive statement numbers in accounting.

Download CRI's GASB Pronouncement Effective Date table to quickly reference pronouncements that are effective for the years ending March 31, 2024, and beyond.

#GASB #CRI #accountingstandards #governmentalaccounting #governmentaccounting #GAAP

After 24 years serving as the GASB's staff coordinator for the GASAC, it is an honor to join the ranks of its members. I look forward to contributing and representing the views of the National Federation of Municipal Analysts.

#GASB #GASAC #accountingstandards #governmentalaccounting #NFMA

The FASB Files, Part I: Public Companies Finally Disclose Some Subsidies - Good Jobs First The FASB Files, Part I: Public Companies Finally Disclose Some Subsidies - Good Jobs First

A few years ago, the body that establishes financial reporting standards began requiring governments to report how much they money they lose to corporate tax breaks. Now, companies must begin reporting some types of government assistance they get.
#FASB #GASB #GAAP
goodjobsfirst.org/the-fasb-fil...

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ICYMI, whither public #pension reform? My take. And I promise, nothing about new #GASB regs. news.investors.com/030915-742665-public-pen...

also! new #GASB #pension standards will make #s look worse. But "this is not unique to #Detroit." #muniland