Search results with tag "Gbsa"
of the Borough of Naugatuck, Connecticut Year Ended June ...
www.naugatuck-ct.gov84 . Borough of Naugatuck, Connecticut Table of Contents Page Nonmajor Governmental Funds 4 Combining Balance Sheet 85-87 ... GASB 68 required that the net pension liability be recorded on the government-wide financial statements. The result of implementing GASB 68 was a prior period adjustment as of July 1, 2014 to record the net pension ...
Local Government Services Bureau State Financial Services ...
www.msulocalgov.orgGASB 71 -An Amendment to GASB 68 GASB 71 – Pension Transition for Contributions made Subsequent to the Measurement Date - An amendment to GASB 68
Article 5.--CODE OF PROFESSIONAL CONDUCT Part I ...
www.ksboa.org(A) “GASB codification of governmental accounting and financial reporting standards,” issued by the governmental accounting standards board, as in effect on June 30, 2016;
Government finance officers association Certificate of ...
www.gfoa.org5 Explanation: GASB Concepts Statement No. 4 established deferred inflows of resources as a financial statement element. However, that guidance states that only amounts identified by the GASB in authoritative pronouncements can be reported in
Accounting for the Business- Type Activities of …
www.mccc.edu7-11 Differences between GASB and FASB standards: GASB cash flow statement divides financing activities into noncapital, and capital and related financing Acquisition of capital assets is a capital and related financing transaction under GASB rather than an investing activity Interest expense on long-term debt is a capital and related financing activity under GASB …
MICHIGAN PUBLIC COMMUNITY COLLEGES
www.michigancc.net3 PART 2 – BASIC PRINCIPLES PRINCIPLE 1 – THE NEW REPORTING MODEL New Pronouncements - In June 1999, the Governmental Accounting Standards Board issued GASB Statement No. 34,
Certificate of Achievement for Excellence in Financial ...
www.gfoa.org3 | Certificate of Achievement for Excellence in Financial Reporting | General Purpose Checklist Abbreviations Used in this Checklist AU-C U.S., Auditing Standards (Clarified), American Insti- tute of Certified Public Accountants (March 1, 2017) COD Codification of Governmental Accounting and Financial Reporting Standards, GASB, 2017-2018 eGAAFR Governmental Accounting, Auditing, and …
Principles of Accounting and Financial Reporting …
www.mccc.edu2-3 Learning Objectives (Cont’d) After studying Chapter 2, you should be able to: Explain the components of GASB’s integrated accounting and financial reporting model:
Accounting for Health Care Organizations - MCCC
www.mccc.eduDevelopment of GAAP Industry associations –assist in development of GAAP American Hospital Association Healthcare Financial Management Association AIPCA Health Care Organizations audit guide, together with GASB & FASB standards, constitute GAAP
OFFICE OF THE ACTUARY - City of New York
www.nyc.govThese results also form the basis for financial reporting under GASB Statement No. 43 (GASB43) for the New York City Other Postemployment Benefits Plan (OPEB Plan or Plan).
Accounting for Health Care Organizations
www.mccc.eduaudit guide, together with GASB & FASB standards, constitute GAAP. Governmental Hospitals ... Primary difference from other BTAs will be certain revenue recognition practices. Governmental Hospital Restricted Funds ... Key Reporting Differences
GASB STATEMENT 34 IMPLEMENTATION ISSUE - Louisiana
www.doa.la.govg:\mrhodes\slabs\depreciation & major renovations GASB STATEMENT 34 IMPLEMENTATION ISSUE SLABS – Major renovations and depreciation Issue To determine how to account for and depreciate major renovations and improvements to
ACCOUNTING FOR COMPENSATED ABSENCES (GASB …
www.k12.wa.usACCOUNTING FOR COMPENSATED ABSENCES (GASB STATEMENT 16) INTRODUCTION School districts are required to report a liability on their balance sheet for leave earned by employees.
FASB/GASB Recognition and Reporting Differences: A ...
www.na-businesspress.comFASB/GASB Recognition and Reporting Differences: A Nonprofit Sector Perspective Treba Marsh ... Some, like GASB Statement (GASBS) No. 8 (1988) on depreciation were a reaction to a standard issued by the FASB. GASBS No. 35 (1996b) was a landmark event in terms of ... board’s respective concepts statements. Concept statements are not GAAP to ...
Division of Local Government and School Accountability ...
www.osc.state.ny.usGovernmental Accounting Standards Board 1984-Present The GASB is the highest, but not the sole, source of GAAP for state and local governments. When accounting issues are not covered by GASB guidance, guidance from the American Institute of CPAs (AICPA), Government Finance Officers Association (GFOA), the Financial Accounting
State and Local Government Accounting Principles
www.mccc.eduAnnual Financial Reporting Comprehensive Annual Financial Report (CAFR) Should be prepared for all governmental entities Sections include: Introductory –little GAAP for this section Financial –most GASB standards apply to this section Statistical –see recently issued GASBS 44
GASB 84: Fiduciary Activities – Let’s Get it Right!
cviog.uga.edu1. Component units that provide postemployment benefits 2. Component units that do not provide postemployment benefits 3. Postemployment benefit arrangements that are not component units 4. All other activities If an activity is a fiduciary activity of a government, then it should be reported as a fiduciary fund of that government
Accounting and Reporting Manual for School Districts
www.osc.state.ny.usActivities as Required by GASB Statement 84 – Deleted the agency fund, updated the private-purpose trust fund, and added the custodial fund in chapters 2 and 4. Updated journal entry 31 to demonstrate how to account for payroll withholdings in the general fund and deleted journal entry 31b as agency funds are no longer active.
Government Service Efforts and Accomplishments …
www.seagov.orgv PREFACE This guide to understanding service efforts and accomplishments (SEA) performance reports by state and local governments is the result of work performed as part of the continuing GASB …
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