GASB is also considering a project on financial performance measurement that would determine the best method of presenting changes in fair value in statements of activities, proprietary fund ...

The proposal is part of a broader GASB project on financial instruments. Next year, the board expects to continue progress with a statement on derivatives, hedging and interest rate swaps. Interest ...

The project’s objective is to make improvements to the existing financial reporting model, which was established in 1999 through Statement No. 34, Basic Financial Statements—and Management’s ...

Looking at all the changes GASB 34 will bring to financial reporting, Roberta Reese, a GASB project manager sees Statement 34 as bringing governments closer to GASB's objective.

However, somewhat uncharacteristically for a GASB document, the draft would reduce the custodial credit risk disclosures that governments have to make on their deposits and investments. This would ...

The estimated costs were based on responses from about two-thirds of the 40 state and local governments that completed the survey on the new GASB 34 model.

GASB has issued guidance that requires governments to disclose information about risks related to certain concentrations and constraints. GASB Statement No. 102, Certain Risk Disclosures, defines a ...