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• GASB Issues Statement to Clarify Guidance on Accounting for Sales and Pledges of Receivables and Future Revenues

  - 2006-09-29

  NORWALK, Conn. -- The Governmental Accounting Standards Board GASB has issued Statement No. 48, Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues. This Statement establishes criteria that governments will use to ascertain whether certain transactions should be regarded as a sale or...

  Tags: accounting, Clarify, Governmental Accounting Standards Board, receivables, sales

• GASB Issues Exposure Draft Intended to Clarify Guidance on Accounting for Sales and Pledges of Receivables and Future Revenues

  - 2005-09-30

  NORWALK, Conn. -- Proposed Statement Would Improve Governmental Financial Reporting Through Greater Consistency, Recognition, and Disclosure In response to increased constituent interest, the Governmental Accounting Standards Board GASB today issued an exposure draft designed to clarify existing guidance on accounting for sales and pledges of receivables and future revenues....

  Tags: accounting, Clarify, FINANCE, financial, Governmental Accounting Standards Board, receivables, SALES

• Governmental Accounting Standards Board Issues Technical Bulletin to Clarify Accounting for Employers' Contributions to Cost-Sharing Pension and OPEB Plans

  - 2004-12-30

  NORWALK, Conn. -- The Governmental Accounting Standards Board GASB has published a staff Technical Bulletin, Recognition of Pension and Other Postemployment Benefit OPEB Expenditures/Expense and Liabilities by Cost-Sharing Employers. The Technical Bulletin clarifies the application of requirements regarding accounting for employers' contractually required contributions to cost-sharing pension and OPEB plans...

  Tags: accounting, accrual, Clarify, FINANCE, financial, Governmental Accounting Standards Board, pension

• Governmental Accounting Standards Board Issues Proposed Technical Bulletin to Clarify Accounting for Employers' Pension and OPEB Contributions

  - 2004-10-14

  NORWALK, Conn. -- The Governmental Accounting Standards Board GASB has published a proposed staff Technical Bulletin, Recognition of Pension and Other Postemployment Benefit Expenditure/Expense and Liabilities. The proposed guidance would clarify requirements on accounting for employers' contributions to pension and other postemployment benefit OPEB plans in Statement No. 27, Accounting...

  Tags: accounting, Clarify, Governmental Accounting Standards Board

• FASB Publishes Proposal to Clarify the Accounting Guidance for Conditional Asset Retirement Obligations

  - 2004-06-17

  NORWALK, Conn. -- The Financial Accounting Standards Board FASB has published an Exposure Draft, Accounting for Conditional Asset Retirement Obligations, an Interpretation of FASB Statement No. 143, in response to the diverse accounting practices that have developed with respect to the timing of liability recognition for conditional asset retirement obligations....

  Tags: accounting, asset, Clarify, Financial Accounting Standards Board

• FASB Issues Accounting Standard to Improve Disclosures about Pension and Other Postretirement Benefit Plans; Publishes Revised Interpretation to Clarify and Expand on Accounting Guidance for Variable Interest Entities

  - 2004-02-01

  The Financial Accounting Standards Board has issued FASB Statement No. 132 (revised 2003), Employers' Disclosures about Pensions and Other Postretirement Benefits, that improves financial statement disclosures for defined benefit plans. The change replaceThe Financial Accounting Standards Board has issued FASB Statement No. 132 (revised 2003), Employers' Disclosures about Pensions and...

  Tags: accounting, Clarify, Financial Accounting Standards Board