GASB release Statement 69

GASB Statement No. 69, Government Combinations and Disposals of Government Operations will be available on the GASB website in February.  This article has some highlights.  http://www.journalofaccountancy.com/News/20137138

FASB trying to Clarify Fair Value Disclosure in

Nonpublic Entities.    Stakeholders had pointed out issues of inconsistency with 2011 amendment that had occurred. FASB intends to address as quickly as possible.   Comments are for a limited period of time as FASB seeks a responsive due diligence process.   http://journalofaccountancy.com/News/20137128.htm

FASAB Issues Standards on Asset Impairment

You will see standard SSFAS 44 at this link.   The standard is 72 pages in length and was released Jan 3, 2013.   It lets users see impairment as it occurs and the impact on the reporting entity.  http://www.fasab.gov/accounting-standards/authoritative-source-of-gaap/accounting-standards/fasab-handbook/

Difficulties in assessing government success

especially at the state level.   Complexity and commingling funds from other sources are part of the problem.  http://www.governing.com/columns/col-difficulties-of-measuring-government-success.html

States that recovered most and least from the

recession since the 5 year anniversary of the Great Recession.   http://247wallst.com/2013/01/03/the-states-which-recovered-most-and-least-from-the-recession/

The state of state and local finances

Snashots of the 50 states and large cities are being compiled by multiple organizations to highlight the situation of these entities.   Often the CAFR is the document being used in these reports.  http://www.governing.com/columns/public-finance/col-state-state-local-government-finances.html

Forbes ranks for 2012 the best States for business

The article provides a link whereby you can look up your state's ranking and the factors that went into this.  This is the 7th year this list has been in existence.   http://www.forbes.com/sites/kurtbadenhausen/2012/12/12/utah-tops-list-of-the-best-states-for-business/