Governmental Accounting


GOVERNMENTAL ACCOUNTING

The Financial Accounting and Standards Advisory Board (FASAB) requests comments on an exposure draft. Titled Accounting for National Defense PP&E and Associated Cleanup Costs, the ED amends current standards for ND property, plant and equipment by changing its definition, the method of accounting for it and the information reported about it. The ED also proposes that such PP&E consist of two separate categories of items—major end items and mission-support items. This approach, FASAB says, makes it easier to apply expense recognition standards and disclosures for different types of these items. Comments are due by November 29. (www.financenet.gov/financenet/fed/fasab/exposure.htm)

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.