Articles In The April 2009 Issue
Fund Balance: New and Improved (122 KB PDF)  Governmental Accounting Standards Board (GASB) Statement No.54, issued in February 2009, will not affect the calculation of fund balance, but will fundamentally alter the various components used to report it. Stephen J. Gauthier When Leadership Fails
If an organization’s governing board fails to establish and follow adequate policies and procedures, fraud will occur — the only question is when.
Dennis F. Dycus The GASB Turns 25:A Retrospective The Governmenta Accounting Standards Board (GASB) celebrates its 25th anniversary in 2009.These years are reviewed in the context of the GASB’s major standards and the people who have done the work — the board members and its staff. Terry K. Patton and Robert J. Freeman Capital Confusion: 12 Misunderstandings about Accounting for Capital AssetsMost state and local governments must confront the ongoing challenge of accounting for capital assets. This article focuses on 12 common misunderstandings.
Stephen J. Gauthier Identifying Shortfalls:The Importance of Cash Flow Analysis in Times of Fiscal Stress Converting the annual financial budget into monthly variance analysis reports can provide an early warning system for identifying cash shortfalls. Christopher J. Swanson and Shayne C. Kavanagh
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