Current matters and resources related to an improved understanding of governmental accounting at the national, state, and local level. Also matters related to the accounting of Nonprofits are included.
Monday, June 18, 2012
Pension Funding Task Force developing
guidelines to help governments in dealing with the pension changes from GASB. http://www.bondbuyer.com/issues/121_113/gasb-standards-public-pension-fund-accounting-1040821-1.html
Saturday, June 16, 2012
Sal Khan's MIT commencement speech
I know this is tangential to Governmental accounting, but I believe this speech is related to good living, and am including it here. About halfway through, Sal tells the graduates some words of wisdom to consider in living. I enjoyed his perceptions about political interactions, night sky, inspiration, and his thought experiment that he concludes with. http://web.mit.edu/newsoffice/2012/commencement-khan-address-0608.html
Thursday, June 14, 2012
OMB provides final draft of Circular
The 2012 OMB Circular A-133 Supplement draft has been provided so firms can begin planning their 2012 single audit engagements http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/Resources/OMBCircularA133/Pages/FinalDraft2012OMBCircularA-133ComplianceSupplement.aspx