The Governmental Accounting Standards Board released an updated standard Tuesday to improve some of the main components of the financial reporting model for state and local governments. GASB Statement ...

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, ...

Adding financial statement elements to a financial statement is a rare occurrence, as is reclassifying or eliminating numerous distinct types of assets and liabilities in one standard. The lace of all ...

Many investors have some understanding of typical financial statements like the balance sheet, income statement and cash flow statement but governmental and nonprofit financial statements may be ...