Government accounting

The Federal Accounting Standards Advisory Board staff released an exposure draft of a technical bulletin that would clarify the existing standards for loss allowances.

The exposure draft offers standards for how governments can account for monetary gold and currency in circulation.

The Federal Accounting Standards Advisory Board has issued an interpretation of some recent standards involving cost provisions among multiple entities who are liable for cleanup costs.

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.

The omnibus exposure draft addresses a variety of issues identified during the implementation and application of different pronouncements.

The Governmental Accounting Standards Board proposed new accounting and financial reporting guidance Friday on deferred compensation plans under Section 457 of the tax code.

The Governmental Accounting Standards Board released an implementation guide Monday with questions and answers explaining GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.

The Governmental Accounting Standards Board has proposed some new guidance on the accounting and financial reporting for public-private and public-public partnership arrangements, along with availability payment arrangements.

The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.