GFOA ALBERTA
News & Articles
Check out these informative articles from GFOA Alberta partners to keep you updated on trends in Municipal government finance.
Browse our developing library of articles and news!
PS 3400 Update
December 2024 | The Metrix Group
PS 3400 Unpacked: Navigating the New Standards with Confidence
Prior to PS 3400, PSAS only provided guidance on revenue recognition for a limited number of revenue transactions (e.g., government transfers (PS 3410), tax revenues (PS 3510), restructuring (PS 3430), …etc.). No standard was provided for general revenue. Rather, guidance was established as a part of financial statement concepts (PS 1000) and presentation (PS 1201). Per PS 1201:
“Revenues, including gains, should be recognized in the period
Accounting Software
August 2023 | The Metrix Group
A common topic of conversation in the municipal space is accounting software. Whether you are planning to replace your accounting system or not, it’s a good idea to start planning for it now.
Much of the work required for a successful implementation starts with planning well in advance. And as an added benefit, this preparation often alleviates pain points with existing software.
Understanding the Best Financial Practices for your Community’s Asset Management Plan (AMP)
October 2023 | PSD
Local governments must effectively communicate and translate its resource requirements to staff, councils and citizens to justify all funding decisions that affect ratepayers.
Through the development of a comprehensive Asset Management Plan (AMP), communities can be more informed – and therefore proactive – with their Levels of Service (LoS) and maintenance requirements to help ensure strong and affordable service delivery.
Evolving to Modernize Public Services
January 2024 | Deloitte
Governments have the ever challenging mandate to steer the economy towards growth and ensure its long-term economic stability and prosperity despite disruptors such as economic crises, climate change, social inequality, and the fast-moving advancement in technology. While revenues are constrained and borrowing costs are rising, a shift in mindset is required from…
About Us
GFOA Alberta is a professional organization whose purpose is to enhance the practice of governmental finance in the Province of Alberta. Our objectives include:
- Promote networking opportunities for all government finance officials within all levels of government
- Support and promotion of Provincial, Canadian and International GFOA Conferences and training programs
- Communication with membership on financial issues
- Liaison with Municipal Affairs
- Enhance the profile of GFOA Alberta.
Our Association is affiliated with the International Government Finance Officers Association (GFOA) and maintains contact with its staff to promote training opportunities and participation in annual international GFOA conferences.
Quick Connect to GFOA Alberta
Quick Connect to GFOA Alberta
About Us
GFOA Alberta is a professional organization whose purpose is to enhance the practice of governmental finance in the Province of Alberta. Our objectives include:
- Promote networking opportunities for all government finance officials within all levels of government
- Support and promotion of Provincial, Canadian and International GFOA Conferences and training programs
- Communication with membership on financial issues
- Liaison with Municipal Affairs
- Enhance the profile of GFOA Alberta.
Our Association is affiliated with the International Government Finance Officers Association (GFOA) and maintains contact with its staff to promote training opportunities and participation in annual international GFOA conferences.