GASB
FEATURED ARTICLES
All articles in this category pertain to GASB. GASB, or the Government Accounting Standard Board, provides accounting guidance for local and state government agencies. GASB provides a set of accounting rules and standards which comprise GAAP for local and state governments.
In the past few years, GASB has released new guidance. The current, most-discussed standards are GASB 87 and GASB 96. In the future, GASB will continue to release new guidance to evolve alongside government financial transactions.
Learn more about GASB below.
Recent articles
GASB releases omnibus guidance updating various standards
This article highlights The GASB’s updated guidance for different accounting issues.
How to Conduct an Inventory of Your Leases under GASB 87
Learn the definition of a lease under GASB 87 and how to create a lease inventory under the new standard.
Government accountants procrastinating on GASB leases standard
Government accountants needs to adopt the new GASB standards now to avoid scrambling in the future.
Government Fund Accounting: GASB 87 Leases Within GASB 34 Consolidation to ACFR
This article provides accounting considerations for leases under GASB 87, as well as how they become part of the statement of net position and statement of activities under GASB 34.
GASB Explained: Government Accounting Standards, New GASB Standards, and a Full List of Statements
This article breaks down all of the government accounting standards, including GASB 87 and GASB 96.
How To Convince Your Board You Need a GASB Software Solution
Use these tips to convince your board to get accounting software.