The US Governmental
Accounting Standards Board (GASB) has proposed new requirements for
the reporting of deferred inflows of resources, deferred outflows
of resources and net position in a statement of financial

The Financial
Reporting of Deferred Outflows of Resources, Deferred Inflows of
Resources and Net Position
exposure draft aims to improve
financial reporting by reducing uncertainty over the financial
statement presentation of deferrals and their effects on a
government’s net position, GASB said.

“It would alleviate
uncertainty about reporting those financial statement elements by
providing guidance where none previously existed,” GASB

The deadline for
feedback on the draft is 25 February 2011.

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