GASB

Two new documents from the board suggest enhancements to the reporting model, and new ideas about recognizing elements in financial statements.

The new guidance aims to clarify how to account for a state or local government’s stake in an organization that stays legally separate after it’s acquired.

New guidance on a single method for government issuers could eliminate differences in practice.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.

The Financial Accounting Foundation has published its annual report on the Financial Accounting Standards Board and the Governmental Accounting Standards Board it oversees.

The Governmental Accounting Standards Board has released implementation guidance with questions and answers to explain and elaborate on some of its recent standards.

The financial health of Magnolia Regional Health Center, a 200-bed public hospital in northern Mississippi, has gone from fair to serious condition all because of an accounting rule.

The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.

The Governmental Accounting Standards Board is asking for help as it develops a comprehensive model for revenue and expense recognition for state and local governments.

The Governmental Accounting Standards Board has released a new Implementation Guide with questions and answers about GASB’s new standards on accounting and financial reporting for postemployment benefits other than pensions, such as retiree health care.