Every year, for decades, the City of Chicago claimed to balance its budget as required by state law. Yet the City of Chicago still accumulated many billions of dollars of unfunded but real obligations ...

The Governmental Accounting Standards Board added several items to its research agenda on digital assets and on an issue related to pensions and other post-employment benefits during a meeting this ...

Georgia native Alan Skelton will succeed David Bean as director of research and technical activities at the Governmental Accounting Standards Board April 1. Processing Content Bean, who has served as ...

GASB issued guidance aimed at improving the blueprint for government financial reports that it established a quarter-century ago. According to a news release, Statement No. 103 builds on Statement No.

The Governmental Accounting Standards Board (GASB) has released a preliminary views (PV) document seeking public comment in the US, focusing on proposed changes in accounting and financial reporting ...

The US Governmental Accounting Standards Board (GASB) is seeking feedback on a Discussion Memorandum on how generally accepted accounting principles (GAAP) for US state and local governments should be ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. David Kindness is a Certified Public Accountant (CPA) and an ...

MILWAUKEE, March 12, 2024 (GLOBE NEWSWIRE) -- LeaseCrunch LLC, a leading provider of lease accounting software solutions, is excited to announce the upcoming educational webinar “GASB 87 and GASB 96: ...

GASB 87, a new lease accounting standard for governmental entities, requires leases to be reported on the face of the financial statements and eliminates distinction between operating and capital ...