Safety, Liquidity, Yield, and GASB: Accounting for Investments

Session Time: 
Sunday, May 6, 2018 - 1:30pm to 2:20pm

Accounting for Investments is a complex and evolving area of government accounting. GASB has issued at least 15 statements that govern some aspect of accounting and financial reporting for investments. This session will cover the current accounting and financial reporting requirements for investments, including the definition of an investment, valuation of a variety of types of investments, external investment pools, investment derivatives, securities lending and repurchase agreements, as well as a preview of forthcoming guidance from GASB on majority equity interest holdings.