Government Accounting


The Governmental Accounting Standards Board (GASB) issued an exposure draft, Sales and Pledges of Receivables and Future Revenues, that would establish criteria for governments to determine whether the proceeds from certain transactions—such as the sale of delinquent taxes, specific mortgages, student loans or upcoming payments from tobacco liability settlements—should be reported as revenue from a sale or as collateralized borrowing resulting in a liability ( www.gasb.org/exp/ed_sales&pledges.pdf ). Comments are due December 30, 2005.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.