Understanding U.S. GAAP and Federal Accounting Standards
Explore the relationship between FASAB, OMB, and Treasury in setting accounting standards for federal entities under U.S. GAAP. Learn about the issuance of financial reporting requirements, uniform chart of accounts, and definitions of accounts receivable and payable. Discover the guidance provided
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Federal Reporting Entity Update: Highlights from FASAB Review
Explore the latest updates from the Federal Accounting Standards Advisory Board (FASAB) review, including insights on the reporting model, risk considerations, assumed leases, and public-private partnerships. Learn about the significant changes in federal financial reporting entities and the impleme
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FASAB Update: The Federal Reporting Entity Proposal
Discussions on the Federal Accounting Standards Advisory Board (FASAB) update regarding the reporting model, including proposals for the General Purpose Federal Financial Reports (GPFFR) and the distinction between consolidation entities and disclosure entities. The presentation covers principles of
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