Deferrals

Make deferrals as transparent as assets and liabilities.

Few areas of governmental accounting create more confusion than deferred outflows of resources and deferred inflows of resources. Their impact on financial statements, their timing, and the standards that govern them can pose challenges even for experienced public sector finance professionals. Without a clear understanding, deferrals can also take time and attention away from the operational priorities that matter most.

CRI’s governmental accounting advisors bring specialized knowledge of governmental accounting principles and practices to help your entity strengthen:

• accurate and compliant financial reporting,
• independent and objective perspective,
• understanding of the latest GASB standards,
• internal resource optimization,
• audit preparedness, and
• training and knowledge transfer for your government’s staff.

CRI’s governmental accounting advisors developed Demystifying Deferrals to help clarify one of the more complex areas of governmental accounting. The e-book includes a recorded presentation, short videos on key issues, slide decks, articles, exercises, and other teaching resources. Many of these resources are also available individually.

Whether you’re a government finance officer, citizen group, elected official, or taxpayer, CRI’s collection of resources and team of governmental accounting professionals can help bring greater clarity to deferrals.