GASB releases omnibus guidance updating various standards
The board issued guidance Monday to address different accounting and financial reporting issues it identified.
Source: accountingtoday.com
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GASB proposes guidance on range of topics
REGISTER NOW The Governmental Accounting Standards Board proposed guidance Monday on various accounting and financial reporting issues that were identified during implementation, application and due process on its standards. The issues covered by the exposure draft of the omnibus statement include accounting and financial reporting for exchange or exchange-like financial guarantees; and classification and reporting of certain derivative instruments that are neither hedging derivative instruments nor investment derivative instruments. Other proposals involve clarification of certain provision...
Source: accountingtoday.com