GOVERNMENT INSIGHTS

 MARCH 11, 2016   

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Director of Governmental Services
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WEBINAR on
GASB 72
March 25, 2016
12:00pm - 1:50pm CDT

Eide Bailly's Eric Berman and Lealan Miller will cover an overview of the requirements of GASB 72, Fair Value Measurement and Application, focusing on the updated definition of fair value and what is an investment.


Berman Named to GASB's Task Force

Eide Bailly's Eric Berman has been named to GASB's task force to assist the Board with reexamining Statement No. 34, Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments. 

Task force members, selected for their expertise or experience with the issue and ability to articulate views of constituents, will serve as a sounding board and provide suggestions and feedback as the project progresses.

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Fair Value for Investments - A Big Deal or Not?

By: Eric Berman
  
In 2015, the Governmental Accounting Standards Board (GASB) released GASB Statement No. 72, Fair Value Measurement and Application. GASB Statement No. 72 redefines the term "fair value" and the term "investments." It also includes additional disclosure, which may be lengthy or not, depending on the type of investments held by the government, related to the valuation of investments. 

What do these changes mean and how do they impact you?

 

       

          

Eric Berman, MSA, CPA, CGMA
Partner
208.424.3524 

 

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