By Jason Bramwell
An updated print edition of the Governmental Accounting Standards Board (GASB)Codification of Governmental Accounting and Financial Reporting Standardswas released by the GASB's parent organization, the Financial Accounting Foundation (FAF), on November 5.
The three bound editions can be ordered online at the GASB Store; the cost of each publication is $105.
The Codification and Original Pronouncements are the authoritative sources of US Generally Accepted Accounting Principles (GAAP) for state and local governments, according to the GASB.
"The annual bound editions contain all of the content of the online versions as of June 30, 2013", the GASB noted. "Both publications are part of the Governmental Accounting Research System Online (GARS-Online) through a free Basic View or a paid Professional View that includes enhanced search, navigation, and other features."
The following are highlights of the three new publications:
Codification of Governmental Accounting and Financial Reporting Standards is an integrated view of the current version of accounting and financial reporting standards for state and local governments, organized by:
- General Principles
- Financial Reporting
- Specific Balance Sheet and Operating Statement Items
- Stand-alone Reporting – Specialized Units and Activities
Original Pronouncements is a two-volume compilation of original versions of the following GASB documents:
- Concepts Statements
- Technical Bulletins
The publication also includes pronouncements of the National Council on Governmental Accounting, which was the standard-setting body for governmental accounting, auditing, and financial reporting from 1968 until 1984 when the GASB was established, and selected materials of the American Institute of CPAs (AICPA).
Comprehensive Implementation Guide is a consolidation of all GASB implementation guides issued through June 30, 2013, including the Guide to Implementation of GASB Statement 67 on Financial Reporting for Pension Plans, in question-and-answer format.