GASB has decided to undertake a major project on accounting and financial reporting for going concern uncertainties and severe financial stress. GASB issued a revised proposal that describes concepts ...

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 ...

The Governmental Accounting Standards Board is proposing to overhaul the structure for providing guidance on U.S. GAAP for state and local governments, unifying it in a way that's similar to its ...

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 ...

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 ...

The American Institute of CPAs and state CPA societies have launched a monthlong initiative in November to introduce high school students to opportunities in the accounting profession, while the ...

"This series of short videos is geared toward elected officials to help them understand in straightforward, layman's terms the information in each section of a government financial report as well as ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. State and local government finance officials across the ...

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 ...

GASB issued a statement that is designed to help align the accounting and financial reporting of lease transactions more closely with their economic substance. GASB issued a new statement that ...