The User's Perspective—June 2010

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Preliminary Views on Improving the Effectiveness of the GASB's Pension Standards  
The GASB’s June 2010 Preliminary Views, Pension Accounting and Financial Reporting by Employers, contains a set of views about how to improve the effectiveness of the existing standards for state and local governments. This article provides an overview of the main issues discussed in that document and the potential implications for users of financial statements.


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New Projects on the GASB's Technical Agenda  
In April 2010, GASB Chairman Bob Attmore added three projects to the Board’s technical agenda. A practice issue project related to a statement of net position was placed on the current agenda and projects addressing fiduciary responsibilities and financial guarantees were added to the research agenda. This article briefly describes these three projects and considers their potential impact on the information presented in state and local government financial reports.

GASB Project Update  
Projects on the GASB’s current technical agenda range from broad considerations of the basic concepts of accounting and financial reporting to detailed examinations of highly technical issues. This article briefly summarizes selected major projects on the GASB’s current agenda. Major projects on the current agenda are those that are likely to result in significant changes to current accounting and financial reporting standards.

New GASB Website Offers Wealth of Resources for Users  
This article provides an overview of the GASB’s recently relaunched website, The site features a new design that makes it easier for visitors to navigate and locate information about GASB initiatives.

Pick one of these GASB proposals and respond today:

  • Preliminary Views, Pension Accounting and Financial Reporting By Employers and Plain-Language Supplement
    (Comment Deadline September 17, 2010)
  • Exposure Draft, The Financial Reporting Entity, an amendment of GASB Statements No. 14 and No. 34
    (Comment Deadline: June 30, 2010)
  • Revised Exposure Draft, Accounting and Financial Reporting for Service Concession Arrangements
    (Comment Deadline: August 18, 2010)
  • Exposure Draft, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements
    (Comment Deadline: July 31, 2010)
Let the GASB know who you are: Fill out the GASB visitors register and we will keep you up to date about what we are doing.