Government accounting

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.

The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.

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