by David Farnsworth, CPA | Jan 2, 2020 | Government Reporting
Is there an easier way to prepare your Government’s GASB 68 accounting entry? Generally speaking, there are four accounts when an accountant enters the accounting entry related to pensions. These include: Net pension liability Deferred outflows of accounting...
by David Farnsworth, CPA | Dec 2, 2019 | Auditing and Accounting, Government Reporting
Does your audit take many months to finalize or you normally receive more than 5 or 10 proposed adjusting journal entries at the end of the process? If you do, this report is for you. I am going to show you 10 of the most common mistakes found in my audit practice and...
by David Farnsworth, CPA | Nov 1, 2019 | Government Reporting
If you are a general manager or work in an accounting department of a local government (i.e. city, county, JPA, special district) and had previously worked at a private business, you may have questions why the financial statements are different. I will endeavor to...
by David Farnsworth, CPA | Sep 1, 2019 | Government Reporting
Pensions for state and local governments are a benefit to attract industry workers and others to work and have a career in government. There are many types of pensions and this month’s topic will revolve around the accounting and reporting of cost-sharing...
