Close
Authorization
Login:
Password:

Forgot your password?
Register
Enter Registration
GAAP.RUNewsGASB Issues Statement No. 59 “Financial Instruments Omnibus”

GASB Issues Statement No. 59 “Financial Instruments Omnibus”

Publication date: 30 June 2010

The Governmental Accounting Standards Board (GASB) issued Statement No. 59 “Financial Instruments Omnibus”. The Statement updates and improves existing standards regarding financial reporting of certain financial instruments and external investment pools.

The Governmental Accounting Standards Board (GASB) issued Statement No. 59 “Financial Instruments Omnibus”. The Statement updates and improves existing standards regarding financial reporting of certain financial instruments and external investment pools. The Statement is effective for financial statements prepared by state and local governments for periods beginning after June 15, 2010, with earlier application encouraged.