News Release 11/05/13
FAF ISSUES UPDATED GASB ANNUAL BOUND EDITIONS
Norwalk, CT, November 5, 2013—The Financial
Accounting Foundation (FAF) today released an updated print edition of the
Governmental Accounting Standards Board´s (GASB) Codification of
Governmental Accounting and Financial Reporting Standards. The FAF also
released an updated print edition of GASB´s Original Pronouncements and the
2013–2014 Comprehensive Implementation Guide.
Codification and Original Pronouncements are the authoritative
sources of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for state
and local governments. The annual bound editions contain all of the content of the
online versions as of June 30, 2013. 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 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, and Stand-alone
Reporting—Specialized Units and Activities.
Pronouncements is a two-volume compilation of original versions of
GASB Statements, Concepts Statements, Technical Bulletins, and Interpretations,
together with pronouncements of the National Council on Governmental Accounting
and selected materials of the American Institute of CPAs.
Comprehensive Implementation Guide is a consolidation
of all GASB implementation guides issued through June 30, 2013, including the
to Implementation of GASB Statement 67 on Financial Reporting for Pension
Plans, in question and answer format.
The bound editions of the
Codification, the Original Pronouncements, and the
Comprehensive Implementation Guide can be ordered online at the GASB Store at the cost of
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and
finances of both the Governmental Accounting Standards Board (GASB) and the
Financial Accounting Standards Board (FASB). The Foundation is also responsible
for selecting the members of both Boards and their respective Advisory Councils.
About the Governmental Accounting Standards Board
The GASB is the independent, not-for-profit organization formed in 1984 that
establishes and improves financial accounting and reporting standards for state
and local governments. Its seven members are drawn from the Board´s diverse
constituency, including preparers and auditors of government financial
statements, users of those statements, and members of the academic community.
More information about the GASB can be found at its website, http://www.gasb.org/.