Guide to Implementation of GASB Statements 25, 26, and 27 on Pension Reporting and Disclosure by State and Local Government Plans and Employers
Title | Guide to Implementation of GASB Statements 25, 26, and 27 on Pension Reporting and Disclosure by State and Local Government Plans and Employers PDF eBook |
Author | Financial Accounting Foundation. Governmental Accounting Standards Board |
Publisher | |
Pages | 152 |
Release | 1997 |
Genre | Political Science |
ISBN |
Guide to Implementation of GASB Statement 31 on Accounting and Financial Reporting for Certain Investments and for External Investment Pools
Title | Guide to Implementation of GASB Statement 31 on Accounting and Financial Reporting for Certain Investments and for External Investment Pools PDF eBook |
Author | |
Publisher | |
Pages | 80 |
Release | 1998 |
Genre | Business & Economics |
ISBN |
Handbook of Governmental Accounting
Title | Handbook of Governmental Accounting PDF eBook |
Author | Frederic Bogui |
Publisher | CRC Press |
Pages | 552 |
Release | 2008-12-19 |
Genre | Political Science |
ISBN | 1420018175 |
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
Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans
Title | Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans PDF eBook |
Author | Financial Accounting Foundation. Governmental Accounting Standards Board |
Publisher | |
Pages | 134 |
Release | 1994 |
Genre | Disclosure in accounting |
ISBN |
GASB 67 and GASB 68
Title | GASB 67 and GASB 68 PDF eBook |
Author | Sheila Weinberg |
Publisher | |
Pages | 0 |
Release | 2018 |
Genre | |
ISBN |
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.
GASB Technical Bulletin
Title | GASB Technical Bulletin PDF eBook |
Author | Financial Accounting Foundation. Governmental Accounting Standards Board |
Publisher | |
Pages | |
Release | 1996 |
Genre | Finance, Public |
ISBN |
AICPA Audit and Accounting Manual
Title | AICPA Audit and Accounting Manual PDF eBook |
Author | |
Publisher | |
Pages | 1668 |
Release | 1998 |
Genre | Accounting |
ISBN |