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.
Tuesday, February 23, 2016
Several states in a recession
http://www.bloomberg.com/news/articles/2016-02-22/recession-already-reality-in-spots-from-west-virginia-to-wyoming
North Dakota, West Virginia, Alaska and Wyoming have indicator showing already in recession. Other states also have concerns. A strong dollar and a decline in the energy industry are two challenges facing state economies.
Thursday, February 18, 2016
GFOA Resources Provide Sample Financial Policies
http://gfoa.org/financialpolicies
Various examples of different financial policies. GFOA recommends adoption of formal policies - helpful for governments.
Friday, February 12, 2016
Not-for-Profit Knowledge Checks
https://competency.aicpa.org/assessments/knowledge_check/298-not-for-profit-entities
AICPA & CIMA Competency and Learning website. Take the quizzes and see how you score. Targeted resources for purchase are available at the end of the quiz.
Sunday, February 7, 2016
Federal Compliance accounting
http://sfmagazine.com/post-entry/february-2016-federal-compliance-accounting/
This article is from the Strategic Finance Magazine of the CMA.
Here are some important subjects students and practicing accountants should understand:
Cost Accounting Standards (CAS)
Disclosure Statements
Federal Acquisition Regulations (FAR)
Office of Management & Budget Circulars (OMB A-21 and A-122)