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The gold standard

University at Buffalo Milad Ghanatios, BS ’20, MS ’21. Photo: Tom Wolf. Milad Ghanatios, BS ’20, MS ’21 University at Buffalo School of Management BUFFALO, N.Y. After studying accounting standards for the past five years at the University at Buffalo School of Management, Milad Ghanatios will now be part of the standard-setting process with a coveted assistantship at the Financial Accounting Standards Board (FASB). Ghanatios is one of just eight students nationwide who earned a postgraduate technical assistantship (PTA) in this summer’s cohort at the FASB, which establishes financial accounting and reporting standards for U.S. companies and nonprofits. During his yearlong assistantship, Ghanatios will be involved in all phases of a major agenda project, including analyzing public comments, published research and accounting proposals, drafting due process documents, and preparing memorandums for board members.

Why Some Public Pensions Could Soon Look Much Worse

Why Some Public Pensions Could Soon Look Much Worse A Governing analysis shows how a new accounting rule dramatically changes some plans pension liabilities and will likely force many states to finally face their obligations. March 13, 2015 •  Standing in a crowded hallway outside a committee room in the Kentucky State Capitol, House Speaker Greg Stumbo is surrounded by thankful teachers and skeptical reporters. It is mid-February and the committee has just approved his proposal to borrow $3.3 billion to shore up the state’s teacher retirement system. Stumbo has argued that current, historically low interest rates are a window of opportunity to solidify funding for the troubled system. But, notes one reporter, borrowing $3.3 billion would be a challenge since it would be the largest bond offering in Kentucky’s history. 

Justin Marlowe

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