GASB-45 Implementation Date Approaching for Phase 3 Governments (Part 1 of 2)

Loyd, D. Scot; Crawford, Michael A.
November 2009
Governmental GAAP Update Service;11/15/2009, Vol. 9 Issue 21, p1
Trade Publication
The article presents the first part of a two-part series about the basic requirements of the U.S. Governmental Accounting Standards Board (GASB) Statement No. 45 titled "Accounting and Reporting by Employers for Postemployment Benefits Other than Pensions." It discusses the different types of postemployment benefits other than pensions (OPEB). It emphasizes the methods of funding OPEB. It explores the basic accounting concepts and terminology used in such GASB statement.


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