Thursday, March 12, 2015

Predicting State government revenue a challenge

http://www.pewtrusts.org/en/research-and-analysis/reports/2015/03/managing-volatile-tax-collections-in-state-revenue-forecasts The Pew study identifies the volatility in forecasting revenue and talks about ways to manage the volatility.

Tuesday, March 3, 2015

GASB 72 on fair value effective 6-15-15

http://www.journalofaccountancy.com/news/2015/mar/gasb-fair-value-measurement-guidance-201511887.html GASB Fair value standard, a result of stakeholder requests for clarity, has been passed.