Monday, April 4, 2011

GASB looking at State's pension disclosures

The importance of the discount rate used and expected rate of return to ensure good numbers are used in the disclosures http://www.reuters.com/article/2011/04/01/us-usa-states-pensions-accounting-idUSTRE7305Z020110401

3 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. have just found your website and think it's great that you took the time to put this together. In Light of our considerable Federal, State and Local Deficits I am a believer as you are that we need to bring a greater spotlight to government financials. The work that you have done here is a great step in sharing information. Thank you on behalf of us all for putting in the efforts to create this resource.

    If I can ever be of assistance please let me know...in my own way I am also working to help the efforts to promote Governmental Accounting awareness in addition to my Business generating activities. Join me on FB and twitter and we can work together to promote Governmental and Accounting Financial Awareness, also let me know where I can join and help in promotion of Govrnmental Accounting Awareness. My goal is non-partisan, to promote common knowledge and encourage better financial analysis of government financials for Public Awareness and expedient reduction of the National and Local Debts for our National Future.

    Very Best Regards,

    Dean T. Carson II, CPA
    New York, N.Y.

    ReplyDelete
  3. Dean, I appreciate your remarks and interest as expressed here. I am located in Illinois, with our own record deficits. I have concern for the future, unless every U.S. citizen wakes up and pays attention to what is happening. We are in uncharted territory, with no easy answers.
    Thanks, Carol Jessup, Associate Professor of Accountancy, SIU Edwardsville

    ReplyDelete