TITLE

GASB Issues ED on Derivatives

AUTHOR(S)
Loyd, D. Scot; Crawford, Michael A.
PUB. DATE
September 2007
SOURCE
Governmental GAAP Update Service;9/15/2007, Vol. 7 Issue 17, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
31220914

 

Related Articles

  • AGA's FMSB Comments on GASB Exposure Draft.  // Government Financial Management TOPICS;7/6/2010, Vol. 50 Issue 13, p6 

    The article reports that the Financial Management Standards Board (FMSB) of the Association of Government Accountants (AGA) has issued a comment letter on June 30, 2010 on the Governmental Accounting Standards Board (GASB) Exposure Draft, Financial Reporting Entity: An Amendment of Statement 14...

  • GASB Updates Proposed Guidance on Derivatives. Ackerman, Andrew // Bond Buyer;7/3/2007, Vol. 361 Issue 32663, p1 

    The article reports on the release of an exposure draft for the proposed accounting and financial reporting guidance for derivatives, by the Governmental Accounting Standards Board (GASB) in Washington D.C. The draft requires the state and local governments to report the fair value of their...

  • Analysts, Issuers Differ Over Derivatives. Ackerman, Andrew // Bond Buyer;11/2/2007, Vol. 362 Issue 32747, p4 

    The article reports on the opposing views expressed by municipal market participants on the U.S. Government Accounting Standards Board's proposed standards for derivatives at a user roundtable and public hearing in New York City. The exposure draft generally requires state and local governments...

  • GASB Incorporates Accounting Principles for Related Party Transactions, Subsequent Events, and Going Concern Considerations. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;7/15/2009, Vol. 9 Issue 13, p1 

    The article presents information on the Governmental Accounting Standards Board's (GASB) Statement No. 56, "Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards" (GASB-56), which was issued in March 2009. It is stated that GASB-56...

  • Reporting Restricted Net Assets. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;6/15/2007, Vol. 7 Issue 11, p1 

    The article focuses on the addition of a new classification of equity accounts within the financial statements of a state or local government entity in the Statement No. 34 issued by the U.S. Governmental Accounting Standards Board (GASB). The standard also requires the reporting of net assets...

  • Is Fund Perspective Changing? Berman, Eric S. // Governmental GAAP Update Service;11/15/2010, Vol. 10 Issue 21, p1 

    Since 2005, the Governmental Accounting Standards Board (GASB) has had the Conceptual Framework—Recognition and Measurement Attributes Project on its research agenda. Little has been written on this project over the past five years because other projects have taken precedence (i.e., the...

  • The GASB Issues Preliminary Views Document on Derivatives.  // Governmental GAAP Update Service;6/15/2006, Vol. 6 Issue 11, p1 

    The article provides information about the Preliminary Views document of the U.S. Governmental Accounting Standards Board (GASB) that is aimed at improving the accounting and financial reporting of derivatives by state and local governments. It cites the characteristics of financial arrangements...

  • Reporting Net Assets Invested in Capital Assets, Net of Related Debt. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;4/30/2007, Vol. 7 Issue 8, p1 

    The article focuses on the Governmental Accounting Standards Board (GASB) Statement No. 34, titled "Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments (GASB-34)" in the U.S. For the government-wide and proprietary funds'...

  • FASAB gets down to basics for federal gov't accounting. Cheney, Glenn // Accounting Today;7/24/2006, Vol. 20 Issue 13, p14 

    Provides information on a concepts statement exposure draft on the definitions and recognition of the elements of accrual-basis financial statements issued by the U.S. Federal Accounting Standards Advisory Board (FASAB). Basic concepts covered in the proposed statement; Comparison of the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics