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Tag Archives: governmental accounting
More Liabilities, Please! Changes to Reporting Compensated Absences under GASB 101
In June 2022, the Governmental Accounting Standards Board (GASB) issued a new standard to update the guidance for reporting on Compensated Absences. GASB 101, Compensated Absences replaces the old standard GASB 16, which was issued over 30 years previously. GASB … read more
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Tagged Brittney Williams, compensated absences, financial report, GASB, governmental accounting, liabilities
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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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