PDF
…2015, the
University implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions. The primary
objective of this new standard is to improve accounting and financial reporting by state and local governments
for pensions. This Statement establishes standards for measuring and recognizing liabilities, deferred outflows of
resources,…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_20.pdf