The “Overview of Changes” section contains descriptions of the changes and links to the appropriate sections of the manuals. Please refer to the “Alerts and Changes” tab for determining which revisions might affect your 2021 annual reporting.
… CONTINUE READING →
The State Auditor’s Office will start the annual process of updating the BARS Manuals (GAAP and Cash) on Monday, Dec. 13, 2021. During the updates, sections of both online BARS Manuals will be unavailable for your use. Once updated, they will be fully available for accounting and reporting guidance related to fiscal year 2021 and forward.
… CONTINUE READING →
The Overview of Changes contains detailed descriptions of the changes and links to the appropriate sections of the Manuals. Please refer to the Alerts and Changes tab for determining which revisions might affect your 2020 annual reporting.
… CONTINUE READING →
The 2019 Budgeting, Accounting and Reporting System (BARS) update for entities that report using generally accepted accounting principles (GAAP) has a new section on accounting for “contingencies and litigations,” and we encourage you to check it out. It includes a comprehensive chart that will help financial statement preparers more quickly assess potential accounting and disclosure requirements. It also includes guidance on how to handle expected insurance recoveries related to a contingent liability.
… CONTINUE READING →
The GAAP and cash basis BARS manuals have been updated, and the 2017 pension worksheet, notes and RSI templates are now available on our website at www.sao.wa.gov. The 2017 DRS Participating Employer Financial Information (PEFI) report is available at www.drs.wa.gov. Now that you have the information and tools you need to begin calculating your 2017 pension numbers, this is a great time to get started. As in the past, our Office will provide one-on-one assistance to local governments with their calculations.
… CONTINUE READING →
It’s that time of year again! The updated 2018 version of the Budgeting, Accounting and Reporting System (BARS) Manual will be available on our website in the third week of December. While users may notice several changes in this update, the most significant revision to the 2018 BARS Manual centers on reporting schedules for cities and counties, and specifically Schedule 07 – Cash Disbursements, and Schedule 11 – Cash Activity. A new schedule, Schedule 06 – Summary of Bank Reconciliation, makes an appearance in the 2018 cash-basis manual to accommodate those changes to Schedules 07 and 11.
… CONTINUE READING →
