GASB Accounting Requirements

Topics

August 1, 2015

GASB unveils new rules for reporting on retiree benefits

OPEB standards provide transparency for post-employment health care obligations.

June 30, 2015

GASB addresses investment pools and component units

GASB issued two proposals that are designed to prevent confusion about external investment pool accounting and clarify requirements for presentation of certain component units.

June 30, 2015

GASB establishes new GAAP hierarchy for governmental accounting

The Governmental Accounting Standards Board issued new guidance that cuts in half the number of categories of authoritative GAAP for state and local government financial reporting.

June 12, 2015

GASB proposes changes to irrevocable split-interest agreement guidance

GASB proposed changes that are designed to reduce diversity in state and local government accounting for irrevocable split-interest agreements.

June 2, 2015

GASB unveils new rules for reporting on retiree benefits

Three new GASB rules aim to unveil true government liabilities for retiree benefits.

March 2, 2015

GASB tackles fair value in state and local government reporting

New guidance issued by the Governmental Accounting Standards Board defines fair value and how it should be measured in state and local government financial reporting.

January 1, 2015

GASB pension changes: Are you ready?

GASB Statements No. 67 and No. 68 have created significant changes in pension accounting for state and local governments that affect financial statement preparers and auditors.

November 20, 2014

GASB gives preliminary views on leases, fiduciary responsibilities

The Governmental Accounting Standards Board issued “Preliminary Views” statements proposing changes for the way state and local governments account for leases—and for activities in which they have a fiduciary responsibility.

FROM THIS MONTH'S ISSUE

How to replace running totals in Excel

Accountants routinely copy down formulas in Excel to track cumulative balances, such as cash flow and retained earnings, but there is a better way. This JofA Technology Q&A article shows the way with step-by-step instructions and a video walkthrough.