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GASB issues implementation guide

  • GASB document Image

May 05, 2017

The GASB has issued Implementation Guide No. 2017-1, “Implementation Guidance Update — 2017,” which consists of Q&A guidance that “clarifies, explains, or elaborates on” certain GASB Statements.

Topics addressed in the guide’s Q&As include:

  • Cash flow reporting.
  • The financial reporting entity.
  • Pensions — Plan and employer accounting and reporting.
  • Accounting and financial reporting for certain investments and for external investment pools.
  • Fund balance reporting and governmental-fund-type definitions.
  • Tax abatement disclosures.

In addition, the guide amends certain Q&As from previously issued implementation guides.

The guide is effective for reporting periods beginning after June 15, 2017. For more information, see the implementation guide on the GASB’s Web site.

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