 What's New in Governmental Accounting?
As a result of our continuous commitment to being a leader in the field of government accounting, we are always on the cutting edge of changes. To keep you updated on new or pending projects or pronouncements, we have provided this resource for your use in staying current.
ACCOUNTING
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 January 2011 - GASB issues Statement # 62 on Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements http://www.gasb.org
December 2010 - GASB issues Statement # 60 on Accounting and Financial Reporting for Service Concession Arrangements, and Statement # 61 on The Financial Reporting Entity: Omnibus http://www.gasb.org
June 2010 - GASB Issues Statement 59 on Financial Instruments Omnibus" http://www.GASB.org
December 2009 - GASB Issues Statement No. 57 and 58 on OPEB Measurements and Chapter 9 Bankruptcies. The Governmental Accounting Standards Board (GASB) issued GASB Statement No. 57, OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans, and GASB Statement No. 58, Accounting and Financial Reporting for Chapter 9 Bankruptcies. A news release on the issuance of GASB 57 and GASB 58 is available at: http://www.gasb.org
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April 2009 - GASB issues Implementation Guide to GASB-53 on Derivative Instruments.
Press release can be viewed at www.gasb.org
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April 2009 – GASB issues Statement No. 56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards. Press release is available at www.gasb.org
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April 2009 - GASB releases Invitation to Comment (ITC), Pension Accounting and Financial Reporting. The ITC and accompanying plain language supplement available at www.gasb.org
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April 2009 - GASB issues Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. Press release is available at www.gasb.org
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March 2009 – GASB issues Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. Press release, fact sheet, and plain language supplement are available at www.gasb.org
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December 2008 – GASB issues Concepts Statement No. 5, Service Efforts and Accomplishments Reporting (an amendment to GASB Concepts Statement No. 2). Press release is available at www.gasb.org
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June 2008 – GASB issues Statement No. 53, Accounting and Financial Reporting for Derivative Instruments. A question and answer fact sheet, and plain language summary are available at www.gasb.org
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