The Governmental Accounting Standards Board has released implementation guidance with questions and answers to explain and elaborate on some of its recent standards.
Processing Content
Implementation Guide No. 2018-1, Implementation Guidance Update–2018, includes information about how to apply GASB’s recent standards on pensions, other post-employment benefits, the statistical section, regulatory reporting, and tax abatement disclosures. The Implementation Guide also has amendments to some of GASB’s previously issued implementation guidance on some related topics.
The requirements of the new implementation guide take effect for reporting periods starting after June 15, 2018. The guide can be downloaded for free from GASB’s website.
Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to... Read full bio
The Internal Revenue Service and the Treasury Department plan to issue proposed regulations for qualified opportunity zones under the TCJA and the OBBBA.
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. They aren't just throwing together programs and calling it a day.
Between now and July 6, companies have a narrow time limit to retroactively recover research and development tax deductions from up to the previous three years.
The Mid-Atlantic Regional Leader acquired Minneapolis-based Altair Associates, marking its first acquisition and significantly expanding its insurance practice.