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Tag Archives: financial statements
Keyword Analysis in Excel
When most people think of keyword analysis, they likely think of it in the context of search engine optimization: that is, which keywords or search phrases that bring visitors to websites. However, the applications of keyword analysis are not limited … read more
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Tagged audit, data analysis, financial statements, keyword
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Tips for Effective Capital Asset Reporting for School Districts
As your school district prepares for its upcoming audit, you may be scrambling to get everything in order – including finalizing the District’s general ledger, reconciling cash records to those of the County Treasurer, and of course, preparing capital asset … read more
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Tagged accounting, capital asset reporting, capital assets, compliance, financial statements, inventory, James Shankland, school district, USFR
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GASB Statement No. 88 – Required Updates to Debt Footnote Disclosures
Is your government ready to implement potential changes to your debt footnote disclosures? For fiscal years beginning after June 15, 2018, Governmental Accounting Standards Board number 88 is applicable. This pronouncement requires the disclosure of additional essential debt-related information for … read more
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Tagged debt, debt service, disclosures, financial statements, GASB, government, Joshua Jumper
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The Time is Now for Cleaning Up Cash Reconciliations
In a recent blog article, Sara Kirk discussed a number of points highlighting the importance of ensuring a district reconciles its records of cash to the county treasurer, a subject that happens to be near and dear to my heart. … read more
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Tagged accounting, Arizona, audit, cash reconciliation, financial statements, internal controls, Jennifer Shields, school district, USFR
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Proposed Changes to the Governmental Reporting Model
In September 2018, the Government Accounting Standards Board (GASB) issued a Preliminary Views document titled “Financial Reporting Model Improvements.” The document outlines a number of potential changes that GASB has researched since the project began in 2015. Aside from enhancing … read more
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Tagged accounting, CAFR, financial statements, GASB, government financial statements, governmental accounting, Mike Hoerig
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GASB Statement No. 75 – What Basics Do I Need To Know?
First, some general information. GASB Statement No. 75 (Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions) is accompanied by GASB Statement No. 74 (Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans); GASB Statement No. 74 relates … read more
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Tagged accounting, Christopher Heinfeld, financial statements, GASB, government, OPEB, postemployment benefits
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Governmental Financial Statements….Where did These Numbers Come From?
For many governments, the audited financial statements are prepared on a basis of accounting that differs from that utilized in their general ledger accounting system. Audited financial statements are prepared in accordance with generally accepted accounting principles (GAAP) which are … read more
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Tagged accounting, balance sheet, financial report, financial statements, government, schedules
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