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GASB proposes implementation guide

  • GASB document Image

Dec 08, 2017

The GASB has issued proposed Implementation Guide No. 201Y-X, “Implementation Guidance Update — 201Y,” which consists of Q&As that would “clarify, explain, or elaborate on” certain GASB Statements.

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

  • Pensions and postemployment benefits other than pensions.
  • Cash flow statements.
  • The statistical section.
  • Regulatory process related to applying GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements.
  • Tax abatements.

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

Com­ments on the pro­posed im­ple­men­ta­tion guide are due by February 16, 2018. For more in­for­ma­tion, see the pro­posed guide on the GASB’s Web site.

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