It is required to be included in RSI of generally accepted accounting principle financial statements issued by pension plans that operate through trusts that meet the requirements put forth by GASB
68, institutions will have to report a liability for the entire underfunded status of the plan.
is the independent, not-for-profit organisation formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments.
Lei et al., "Investigation of the anisotropic strain relaxation in GaSb
islands on GaP," Journal of Applied Physics, vol.
Depending on your perspective, GASB
has either moved toward that reality or is continuing to resist actuarial gravity.
The requirements in this Statement will improve financial reporting by contributing to the GASB
's efforts to codify all GAAP for state and local governments so that they derive from a single source.
's development of guidelines for voluntary reporting of performance information has been a source of contention for state and local governments.
It appears that the agencies that tackled GASB
34 compliance earlier in the game are the best off today.
Represent the foundation (FASB and GASB
) with its external constituents--SEC, Congress, media--for the primary purpose of voicing the importance of private standard-setting in the public arena.
It's hard to picture accountants as bomb-throwers, but the GASB
manifesto, which includes a call for accrual accounting, could have radical implications for the federal government.
A proposed implementation guide from GASB
has prompted criticism from several groups that question how the board expects state and local governments to follow its disclosure guidance for tax abatements.