Tuesday, November 26, 2013

Thursday, November 14, 2013

GASB 65 and public power providers

How GASB 65 will affect the public power providers is pointed out courtesy of BKD.
 
Debt issuance costs and understanding the circumstance for choosing between a liability or deferred inflow or an asset and a deferred outflow are discussed.    Implementation date makes this immediately relevant.

http://www.bkd.com/articles/2013/implementation-of-gasb-statement-number-65-will-affect-many-public-power-providers.htm?mkt_tok=3RkMMJWWfF9wsRoksqzBZKXonjHpfsX56OkpXaC1lMI%2F0ER3fOvrPUfGjI4AT8ZlI%2BSLDwEYGJlv6SgFT7nDMaxwy7gIWxQ%3D

Cities fighting for solvency

8 out of 12 municipal bankruptcies in the last 3 years.   What are reasons and how to stop the downward slide are suggested here.  http://ww2.cfo.com/accounting-tax/2013/11/cities-brink/

Monday, November 11, 2013

Federal goverment and transformational management agenda

A "new management agenda" with focus on accounting and financial management is the goal  according to interim OMB controller.   This was at a meeting of AGA.    http://www.federaltimes.com/article/20131110/DEPARTMENTS06/311100003/White-House-finalizing-new-management-initiatives-OMB-says?odyssey=mod|newswell|text|FRONTPAGE|p