U.S. deficit falling- How could that be?

This article discusses the decreasing trend of the deficit as a % of GDP.  According to this article from fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points.  http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm

GASB encourages readiness

on the part of state and local governement official and pension system administrators regarding the implementation of the new pension requirements.   http://www.gasb.org/cs/ContentServer?c=Document_C&pagename=GASB%2FDocument_C%2FGASBDocumentPage&cid=1176160498236

Medicare tax increases for those

who earn over 200,000 a year (this is just less than 1% on the amounts exceeding 200,000 of earnings, and is part of the 2010 health care legislation.   This article talks about the regulations that the IRS is putting into place related to the implementation on earnings after 12/31/12  http://www.journalofaccountancy.com/News/20126942.htm

What state is your state in?

Best run - worst run?   See the most recent results.  A number of indicators compiled for this annual survey  http://247wallst.com/2012/11/27/the-best-and-worst-run-states-in-america-a-survey-of-all-50/2/

Key performance indicators and NFPs

This article discusses an approach for nonprofit advisers  http://blog.aicpa.org/2012/11/using-kpis-to-become-a-trusted-npo-business-advisor.html#sthash.beJyF8oO.fMUyPhT9.dpbs

FASAB 2012 annual report

indicates its 3 year plan in this pdf   http://www.fasab.gov/pdffiles/annual_report_2012.pdf

The mission statement is highlighted at the Federal Accounting Advisory Standards Board (FASAB) website.  At this link you will find links to the prior two annual reports.  http://www.fasab.gov/about/mission-objectives/

Fitch warns of rating change

in late 2013 if U.S. government does not address some of the issues.  http://thehill.com/blogs/on-the-money/economy/266571-ratings-agency-issues-post-election-warning