CPA Practice
JANUARY 11, 2024
The new statement is meant to provide financial statement users with information about certain risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. GASB Statement No. Concentrations and constraints may limit a government’s ability to acquire resources or control spending.
Withum
AUGUST 19, 2024
GASB 102 requires state and local governments to disclose material concentrations and constraints in the notes of the financial statements. GASB concluded that “impact” conveys a financially disruptive effect on the normal functioning of government.
CPA Practice
OCTOBER 23, 2023
Spend & expense management solutions increase visibility into cash-flow, providing real-time data and identifying potential roadblocks before they happen. These solutions also help enforce budgets, which can further control spend and improve cash flow. Real-time data provides the inputs needed for accurate forecasts.
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