TITLE

Is Fund Perspective Changing?

AUTHOR(S)
Berman, Eric S.
PUB. DATE
November 2010
SOURCE
Governmental GAAP Update Service;11/15/2010, Vol. 10 Issue 21, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 project on pensions and other post-employment benefits and the project on derivatives and fund balance). Now, as the dates of due process for the Conceptual Framework—Recognition and Measurement Attributes Project are approaching, the discussion is finally taking shape. The ultimate goal is the issuance of a concepts statement that, in part, will define what is meant by the phrase "current financial resources." What is being tentatively concluded is that current financial resources are those that are "near term." In other words, very close to cash.
ACCESSION #
55229542

 

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