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, March 19, 2015
NFP Boards not quite as effective as necessary
http://www.bkd.com/articles/2015/good-intentions-or-intentionally-which-describes-your-board-of-directors.htm?mkt_tok=3RkMMJWWfF9wsRoju6%2FNZKXonjHpfsX56OkpXaC1lMI%2F0ER3fOvrPUfGjI4CScZkI%2BSLDwEYGJlv6SgFT7nDMaxwy7gIWxQ%3D
Read the results of the survey taken in Jan 2015, that was written up by BKD.
Few States Neglected Pension Funds during Recessions
http://www.nasra.org/files/JointPublications/NASRA_ARC_Spotlight.pdf
This 12 year report looks at the funding of the ARC (annual required contribution) for 112 organizations for a period of a dozen years.
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.