JournalofAccountancy

GASB Accounting Requirements

Various issues that have been identified as worthy of attention by the Governmental Accounting Standards Board are addressed in an omnibus proposed standard issued Monday. Derivative instruments, ...
Accounting Today

FASB and GASB Become More Democratic

The Financial Accounting Standards Board and the Governmental Accounting Standards Board will begin using a majority vote, instead of relying on the board chairman’s decision alone, to establish ...
Accounting Today

Navigate GASB 87 and 96 standards with accounting solutions

The implementation of GASB Statements 87 and 96 has brought significant changes to how government entities report leases and subscription-based information technology arrangements. A thorough ...
Forbes

GASB 87: Six Steps To Success Under The New Lease Accounting Standard

Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to the many ...
Governing

Worried About GASB 87 Compliance? Global Consulting Firm Creates a Solution

New lease accounting standards will dramatically affect the way governmental entities record leases on their financial statements. The Governmental Accounting Standards Board Statement Number 87(GASB ...
The Bond Buyer

GASB seeks academic expert on public accounting

The Financial Accounting Foundation is looking for an academic expert on public accounting to fill an upcoming vacancy on the Governmental Accounting Standards Board. Filling that spot on the ...
Odessa American

Accounting and Technology Experts to Share Valuable Insight During LeaseQuery’s Free GASB Innovation Summit

LeaseQuery, a leading provider of purpose-built lease accounting software, today announced its program sessions for the 2021 GASB Innovation Summit (#GASBInnovationSummit). This free event takes place ...
Business Wire

GASB Simplifies GAAP Hierarchy for State and Local Governments

NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today issued a final Statement that simplifies the structure of the hierarchy of Generally Accepted Accounting ...
Business Wire

Joel M. Black Appointed Chair of the Governmental Accounting Standards Board

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has appointed Joel M. Black as the next chair of the Governmental Accounting ...
Heartland

The Governmental Accounting Standards Board: Fraud Hidden in Plain Sight

This year has been wrought with financial turmoil for nearly all Americans. From low-wage workers to small business owners, millions of Americans have experienced financial stress courtesy of the ...
JournalofAccountancy

GASB Accounting Requirements

GASB issued a new implementation guide that includes questions and answers related to recently released GASB standards on accounting and financial reporting for fiduciary activities. The guidance is ...