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.
Thursday, June 26, 2014
Is your city or state business friendly
http://cdn-1.thumbtackstatic.com/media/_survey/friendliness-2014/friendliness_2014.pdf
This survey (Thumbtack.com and Kaufman Foundation) looking at what makes small business friendliness in terms of regulations and ease of business organization and operation. This 45 page documents ranks states and cities in the appendices
Tuesday, June 17, 2014
Slow growing states
http://247wallst.com/special-report/2014/06/13/americas-slowest-growing-state-economies/
Who are the slow growing states and what do they have in common?
GASB OPEB proposal and expected impact
This article discusses some of the impact of the GASB proposal. Huge obligations, and changed actuarial method are two of the items discussed.
http://journalofaccountancy.com/News/201410332.htm
Also here is a link to materials about the standard.
http://www.gasb.org/cs/ContentServer?c=Page&pagename=GASB%2FPage%2FGASBBridgePage&cid=1176164129754
Friday, June 13, 2014
NFP specialization and CPAs
This article indicates some key developments in the area of NFP and accountants
http://www.journalofaccountancy.com/News/201410317.htm
Thursday, June 12, 2014
Bond sales slowing despite low interest rates
This article talks about a nervousness to incur bond debt by issuers, and a corresponding decrease in capital improvements as a result of the actions. Impact on yields is addressed.
http://www.reuters.com/article/2014/06/02/us-usa-municipals-supply-idUSKBN0ED0Z920140602
NY City bond sale
The first bond sale since the city's proposed budget was called "credit negative" by Moody's.
http://www.bloomberg.com/news/2014-06-09/nyc-bond-sale-gives-investors-vote-on-de-blasio-budget.html
Wednesday, June 11, 2014
Public Pension Shortfalls in excess of $1 trillion
Study was based on 150 pension plans.
http://www.businessweek.com/news/2014-06-10/u-dot-s-dot-public-pension-shortfalls-exceed-1-trillion
Monday, June 2, 2014
GASB pension reporting
This article is a reference to the AICPA white paper regarding the pension numbers.
http://journalofaccountancy.com/News/201410247.htm