The Financial Accounting Standards Board issued an accounting standards update Thursday providing authoritative guidance on the accounting for government grants received by business entities.

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 ...

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 ...

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 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Katrina Ávila Munichiello is an ...

Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to the many ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...