Financial Reporting Resource Center: Public sector

Financial Reporting Insights articles

• Proposal: Accounting for contributed nonfinancial assets
• 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
• Audit & Accounting Guide for not-for-profit entities updated
• FASB Staff Q&A regarding the accounting for grants
• Proposed guidance: Public-private and public-public partnerships
• FASB updates the definition of “collections”
• Amendments to municipal securities disclosure
• GASB proposes implementation guidance
• Managing lease accounting for public and private higher education
• Clarifications to guidance on majority equity interests
  
• Proposed revised reporting of conduit debt obligations
• 2018 revisions to the Yellow Book
• Updating the definition of "collections"
• OMB issues 2018 Compliance Supplement
• Interest cost incurred before the end of a construction period
• Audit & Accounting Guide for state and local governments updated
• GASB releases implementation guidance
• Donor-advised funds: Accounting implications related to pledges
• New disclosures related to debt
• GASB proposes 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
• UPMIFA drives accounting and reporting changes for endowments
• Audit committee guide for nonprofit organizations

Related resources

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