GASB Statement No. 31: Why No Controversy?

Fair value reporting of investments in the financial statements of commercial enterprises is required under FASB Statement No. 115. The standard created much controversy when issued due to provisions that changes in fair values of certain investments were recognized in the operating statement. A major concern to many organizations was the volatility these recognized, but unrealized, changes in fair value would create in reported earnings. When the GASB issued Statement No. 31 requiring fair value reporting of investments there was little controversy concerning volatility to reported earnings of governmental entities, even though the standard required much broader application of fair value reporting. This study examined a possible explanation for the lack of controversy surrounding fair value reporting in the public sector. An analysis of the financial reports of the major U.S. municipalities provided empirical evidence of the significance of investments earnings to municipal revenues, investment assets to total assets, and the significance of changes in fair values of investments to investment earnings and total revenues. Financial reports and accompanying notes for fiscal years 1994 to 1998 were examined. Results indicate that overall, investments earnings were not a significant component of governmental fund revenues. However, investment earnings were significant for certain governmental fund types. The difference between costs and fair market values of investments also did not appear to be material to most governmental funds. The minimal impact of the fair value reporting on earnings offers a partial explanation for the lack of debate surrounding adoption of fair value reporting of investment by governmental entities

A STUDY OF CONTAINERS USED FOR FRESH MEAT

Examines the proliferation in container types and sizes currently in use for fresh shipment. Suggests an approach to develop appropriate container sizes to remedy the problem and improve pallet utilization.Agribusiness,

A Study of the Intra-County Distribution of Certain Budgeted Current Expenditures in New Mexico Public Schools

The purpose of this study is to investigate the distribution of the county maintenance budgets among the school system of each county in relation to their respective educational needs as measured by the present formula used by the state at the present time for the same purpose. In this analysis it is proposed to consider only those items which represent more or less standard items of expense; items which should not be unduly affected by local conditions

A Descriptive Comparison Of Two Sources Of Occupational Fraud Data

The propose of this study was to determine if the data contained in the Internal Auditor “Roundtable” and “Fraud Finding” columns are consistent with data reported in the ACFE’s Report to the Nation.  Cases of fraud reported in the Internal Auditor columns were analyzed, summarized, and compared to the data contained in the Report to the Nation.  The results show significant similarities between the two data sources

Gloucesterman in Russia

Editors\u27 Note from the July 17, 1964 issue of LIFE magazine; Source: LIFEhttps://egrove.olemiss.edu/jws_clip/1027/thumbnail.jp

A Descriptive Comparison Of Two Sources Of Occupational Fraud Data

The propose of this study was to determine if the data contained in the Internal Auditor “Roundtable” and “Fraud Finding” columns are consistent with data reported in the ACFE’s Report to the Nation.  Cases of fraud reported in the Internal Auditor columns were analyzed, summarized, and compared to the data contained in the Report to the Nation.  The results show significant similarities between the two data sources