Elliott Davis Decosimo Government Articles

Accounting Update: Pension Issues Addressed in New Guidance

April 12, 2016

Introduction On April 11th, the Governmental Accounting Standards Board (GASB) issued a new standard designed to address practice issues raised during implementation of the GASB’s pension accounting and financial reporting standards for state and local governments: GASB Statement 67, Financial...

Accounting Update: GASB 74 and 75

January 25, 2016

OPEB (Other Post-employment Benefits) are benefits, other than pensions, that state and local governments provide to their retirees.  The most common of these benefits relate to healthcare, but life insurance, disability, legal and other benefits may also be...