Keeping Current with GASB

Yesterday, GASB announced two items: [1] a projects page which updated GASB progress on such issues as conceptual framework, fund balance reporting, intangible assets and termination benefits, [2] a$5,000 grant to an academic working on research of existing standards or accounting/financial reporting issues which may require new standards. An example of research on existing standards would be the government-wide statements and management discussion and analysis requirements of GASB Statement 34.