Financial Reporting Resource Center: Public sector

Financial Reporting Insights articles

• Presentation and disclosure of contributed nonfinancial assets
• OMB issues 2020 Compliance Supplement
• GASB adds resources addressing COVID-19-related issues
• Coronavirus: Recent developments in financial reporting considerations
• GASB issues coronavirus related accounting guidance
• GASB addresses accounting for Section 457 plans
• GASB proposes coronavirus-related accounting guidance
• GASB issues guidance for subscription-based IT arrangements
• FASB expands ASC 606 deferral and approves limited deferral of ASC 842
• GASB postpones effective dates of certain pronouncements
• GASB issues implementation guidance
• Guidance issued: Public-private and public-public partnerships
• GASB proposes to postpone effective dates of certain pronouncements
• GASB issues guidance for transition from Interbank Offered Rates
• GASB Exposure Draft addresses accounting for Section 457 plans
• Proposed enhancements to framework for notes to financial statements
• GASB issues omnibus statement
• 2019 Effective Date Reminder
• Proposal addresses replacement of Interbank Offered Rates
• Updated white paper on changes to revenue recognition for NFPs
• GASB issues implementation guide on lease accounting
• OMB issues 2019 Compliance Supplement
• Proposed accounting guidance for Section 457 plans
• GASB proposes omnibus statement
• Implementation guide on fiduciary activities
• FASB extends accounting alternatives to not-for-profit entities
• Updated Data Collection Form issued
• Revised reporting of conduit debt obligations
• Proposed accounting guidance for subscription-based IT arrangements
• Definition of "direct care" of collection items
• Actuarial valuation: New mortality tables for public-sector plans
• GASB releases implementation guidance
• FASB Staff Q&A regarding the accounting for grants
• Proposed guidance: Public-private and public-public partnerships
• GASB releases implementation guidance

White paper and other resources

• Changes to revenue recognition for not-for-profit organizations
• Changes to accounting for grants and contributions made and received
• 2019 annual nonprofit accounting update webcast
• 2018 annual nonprofit accounting update webcast
• Annual governmental accounting update (2019)
• Webcast recap: Annual governmental accounting update
• Annual governmental accounting update (2018)
• New standards for nonprofits affect a number of major areas
• Audit committee guide for nonprofit organizations

Related resources

• Not-for-profit industry practice
• Government industry practice