Author: Financial Accounting Foundation. Governmental Accounting Standards Board
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 152
Book Description
Guide to Implementation of GASB Statements 25, 26, and 27 on Pension Reporting and Disclosure by State and Local Government Plans and Employers
Author: Financial Accounting Foundation. Governmental Accounting Standards Board
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 152
Book Description
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 152
Book Description
Guide to Implementation of GASB Statement 31 on Accounting and Financial Reporting for Certain Investments and for External Investment Pools
Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans
Author: Financial Accounting Foundation. Governmental Accounting Standards Board
Publisher:
ISBN:
Category : Disclosure in accounting
Languages : en
Pages : 134
Book Description
Publisher:
ISBN:
Category : Disclosure in accounting
Languages : en
Pages : 134
Book Description
GASB 67 and GASB 68
Author: Sheila Weinberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In 2012 GASB updated its guidance for the reporting and measurement of public pension plan data, and in fiscal year (FY) 2015, state and local governments began to adopt the new standards, known as GASB 67 and GASB 68, in their comprehensive annual financial reports (CAFRs). The new standards were released in response to criticism that the previous standards, GASB 25 and GASB 27, did not fully measure or report plan liabilities and generated misleading information. While GASB 67 and 68 improve financial transparency by requiring fuller pension reporting in government financial statements, what is being reported still falls short of accuracy in measurement. GASB should improve the current guidance to reflect economic measurement of risk and eliminate the use of deferrals and delayed reporting. A review of 144 public pension plans contained in 34 state CAFRs for FY 2014 reveals considerable variation in how the new guidance is applied by governments. In this paper we review each of the standards and consider their effects on state and local financial reporting.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In 2012 GASB updated its guidance for the reporting and measurement of public pension plan data, and in fiscal year (FY) 2015, state and local governments began to adopt the new standards, known as GASB 67 and GASB 68, in their comprehensive annual financial reports (CAFRs). The new standards were released in response to criticism that the previous standards, GASB 25 and GASB 27, did not fully measure or report plan liabilities and generated misleading information. While GASB 67 and 68 improve financial transparency by requiring fuller pension reporting in government financial statements, what is being reported still falls short of accuracy in measurement. GASB should improve the current guidance to reflect economic measurement of risk and eliminate the use of deferrals and delayed reporting. A review of 144 public pension plans contained in 34 state CAFRs for FY 2014 reveals considerable variation in how the new guidance is applied by governments. In this paper we review each of the standards and consider their effects on state and local financial reporting.
Handbook of Governmental Accounting
Author: Frederic Bogui
Publisher: CRC Press
ISBN: 1420018175
Category : Political Science
Languages : en
Pages : 552
Book Description
Demystifying a growing and dynamic field, Handbook of Governmental Accounting reflects the increasing complexity of this area, enabling readers to grasp the intricate accounting that is involved as government expenditures multiply and governments engage in progressively complex transactions. Drawing on the expertise of a distinguished group of cont
Publisher: CRC Press
ISBN: 1420018175
Category : Political Science
Languages : en
Pages : 552
Book Description
Demystifying a growing and dynamic field, Handbook of Governmental Accounting reflects the increasing complexity of this area, enabling readers to grasp the intricate accounting that is involved as government expenditures multiply and governments engage in progressively complex transactions. Drawing on the expertise of a distinguished group of cont
GASB Technical Bulletin
Author: Financial Accounting Foundation. Governmental Accounting Standards Board
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages :
Book Description
Guide to Implementation of GASB Statement 34 on Basic Financial Statements--and Management's Discussion and Analysis--for State and Local Governments
Author: Governmental Accounting Standards Board Staff
Publisher: Rowman & Littlefield Education
ISBN: 9780910065849
Category : Education
Languages : en
Pages : 272
Book Description
This guide will help all financial statement preparers and attestors implement GASB Statement No. 34 requirements. Organized in a question-and-answer format, the guide includes 300 questions and answers, over 50 illustrative financial statement exhibits, and 10 'how-to' exercises. Dozens of questions address capital assets, depreciation, infrastructure, and the modified approach. Alternatives that may be available to governments in meeting certain display or disclosure requirements of GASB Statement No. 34 are also presented. The full text of the Standards section of GASB Statement No. 34, as well as a topical index and the cross-references, help the reader identify and research specific issues.
Publisher: Rowman & Littlefield Education
ISBN: 9780910065849
Category : Education
Languages : en
Pages : 272
Book Description
This guide will help all financial statement preparers and attestors implement GASB Statement No. 34 requirements. Organized in a question-and-answer format, the guide includes 300 questions and answers, over 50 illustrative financial statement exhibits, and 10 'how-to' exercises. Dozens of questions address capital assets, depreciation, infrastructure, and the modified approach. Alternatives that may be available to governments in meeting certain display or disclosure requirements of GASB Statement No. 34 are also presented. The full text of the Standards section of GASB Statement No. 34, as well as a topical index and the cross-references, help the reader identify and research specific issues.
Application of Certain Pension Disclosure Requirements for Employers Pending Implementation of GASB Statement 27
Financial Reporting for Postemployment Healthcare Plans Administered by Defined Benefit Pension Plans
Author: Financial Accounting Foundation. Governmental Accounting Standards Board
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 36
Book Description