GASB Issues ED on Derivatives

Loyd, D. Scot; Crawford, Michael A.
September 2007
Governmental GAAP Update Service;9/15/2007, Vol. 7 Issue 17, p1
Trade Publication
The article offers information on the Exposure Draft (ED), issued by the Governmental Accounting Standards Board (GASB) on a proposed GASB Statement, "Accounting and Financial Reporting for Derivative Instruments." The draft is a continuing step in the GASB's efforts to provide accounting and financial reporting principles that facilitate recognizing the full cost of government operations and are consistent with reporting assets and liabilities at fair value.


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