GASB, Financial Accounting Standards Board. In June 2017, the GASB established new guidance that establishes a 63 documents the government pdf approach to accounting for and reporting leases by state and local governments. The approach is based on the principle that leases are financings of the right to use an underlying asset.
In December 2016, the GASB issued an Invitation to Comment in its reexamination of the Financial Reporting Model. The model is the blueprint of state and local government financial reporting. The GASB Outlook is a quarterly e-newsletter designed to keep stakeholders informed about key GASB projects and activities. Let your voice be heard by commenting on current GASB proposals.
Serving the user is at the heart of nearly everything the GASB does. This page offers important information for financial statement users. 75 on other postemployment benefit accounting and financial reporting for government employers and OPEB plans. 68 on pension accounting and financial reporting for government employers and pension plans. Financial Accounting Foundation Names Kathleen L. New GASB Member Kris Knight talks about how his work with the state of Delaware informs his role on the Board. He also discusses key challenges and opportunities as the Board continues its work reexamining the financial reporting model.