Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the ...

As workers search for better opportunities and the demand for public sector workers continues to increase, accounting professionals working in the private sector should consider whether switching to a ...

How the program helped her career: “I spent about a year and a half at the start of my career in private industry. What I found when I came to the Office of Budget and Management was that government ...

“The Master’s in Governmental Accounting at Rutgers looked too perfect for me,” Catherine Sykes said to herself. “I must be missing something.” She dug deeper into the program. “I checked that it was ...

The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to establish authoritative guidance on the accounting for government grants received by business entities ...

S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Nearly 150 such ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...

Governmental accounting and capital management represent critical areas of public financial administration, focused on the systematic tracking, reporting and strategic oversight of capital assets and ...