GASB proposes new guidance on early debt extinguishment
The standard would unify handling of "in-substance defeasance."
Governmental
GASB’s pollution remediation reporting standard gets a good review
The standard has been in place for 10 years.
Fran Lawrence, CPA
Fran Lawrence, CPA, the CFO/deputy treasurer for the North Carolina State Treasurer, says you need to get creative in implementation planning.
GASB proposes OPEB implementation guidance
GASB would provide answers to more than 150 questions about other post-employment benefit (OPEB) plan accounting in a newly proposed implementation guide.
CPAs honored for outstanding service in government
The AICPA has presented three CPAs with Outstanding CPA in Government Awards.
A 10-K for the taxpayer
The financial report of the U.S. government provides a view of the government’s current financial metrics and trends, as well as perspective on future issues and challenges, including long-term fiscal sustainability.
New lease accounting standard proposed for federal entities
A proposal issued by the FASAB would require federal lessees to recognize a lease liability and a leased asset at the beginning of a lease, unless it is an intragovernmental lease or a short-term lease.
GASB proposal addresses various practice issues
A GASB proposal would provide guidance addressing a multitude of issues that have arisen in state and local government financial reporting.
GASB proposal seeks uniformity in accounting for early debt extinguishment
Accounting requirements for state and local governments for early extinguishment of debt would become more consistent under a proposal issued by the Governmental Accounting Standards Board.
GASB’s pollution remediation reporting standard meets objective, review finds
GASB's rules for reporting on pollution mediation obligations provide for consistent, timely and complete reporting, according to a review.
Getting familiar with OPEB
GASB’s new accounting standards for other postemployment benefits (OPEB) are significantly different from previous standards for state and local governments.
FASAB seeks transparency on government tax expenditures
The proposed standard is intended to improve transparency for users.
OPEB accounting tips for preparers
Here’s how to book a fairly stated liability under new GASB standards.
New standard guides public-private partnership disclosures
The change is meant to ensure federal government accountability.
FASAB seeks transparency on tax expenditures
The Federal Accounting Standards Advisory Board proposed a standard with the intention of providing the public more information about the U.S. government’s tax expenditures.
GASB addresses practice issues for new pension standards
The new guidance clarifies the board's requirements.
GASB addresses questions about fair value, tax abatement
A new implementation guide clarifies practice issues.
New guidance issued for federal public-private partnership disclosures
Federal agencies will be required to present disclosures about public-private partnerships in their general-purpose financial statements under new guidance issued by the FASAB.
GASB addresses pension accounting practice issues
GASB issued guidance to address practice issues encountered during implementation of its new pension accounting rules for state and local governments.
Proposal would change governments’ lease approaches
GASB proposes a principle for reporting.
