Tag Archives: GASB

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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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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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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Compensated Absences – Top 5 Things to Know

Presentation by Joshua Jumper, CPA, Audit Manager:

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Maintenance & Repair or Capital Asset?

There are times when it is easy to determine that an asset should be capitalized, such as purchasing a piece of equipment over the capitalization threshold. Other purchases may be more complicated, such as roofing, streets, and add-ons that may … read more >

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What You Need to Know about Tax Abatement Disclosures

Presentation by Anthony St. George, CPA Posted August 2, 2017

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