GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

Governmental Accounting Standards Board chair Joel Black has been overseeing GASB for nearly two years as state and local governments deal with the continuing fallout from the pandemic while ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

The question of whether pensions and other retirement benefits should be more prominently reported by state and local governments is a burning controversy for the Governmental Accounting Standards ...

It's not yet to the level of the Sunnis and the Shiites. But in the past year the Governmental Accounting Standards Board and the Government Finance Officers Association have been launching bombastic ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...

Read the full text and footnotes as an Adobe Acrobat PDF. The financial health of pension plans for state and local government employees has received increased public attention over the past several ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. David Kindness is a Certified Public Accountant (CPA) and an ...

GASB will take a fundamental look at the reporting model for state and local government financial statements in an effort that aims to enhance the information available for decision-making and ...

Responding to the COVID-19 pandemic was very much on the agenda at the Financial Accounting Foundation in 2020, but that didn’t keep it, and the two U.S. accounting standard-setting boards that it ...