https://www.sikich.com

Melissa Sizemore on Navigating U.S. Federal Financial Reporting

Sikich

Feb 4 2025

1 min read

Melissa Sizemore, CPA, CGFM, discusses the unique complexities of federal financial reporting in this LumiQ podcast. She explores why government accounting differs from for-profit standards, the role of the Federal Accounting Standards Advisory Board (FASAB) and key elements like the Statement of Budgetary Resources (SBR). Melissa also highlights the distinct disclosures federal agencies must make, including social programs and pension liabilities, and explains the significance of Fund Balance with Treasury in federal balance sheets.

Listen to the full episode here: Navigating U.S. Federal Financial Reporting

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 