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GASB issues implementation guide on recent pronouncements

  • GASB document Image

May 02, 2019

The GASB has issued Implementation Guide No. 2019-1, “Implementation Guidance Update — 2019,” which consists of Q&As that “clarify, explain, or elaborate on” certain GASB Statements.

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

  • Derivative instruments.
  • Disaster-related expenditure-driven grants.
  • Irrevocable split-interest agreements.
  • Postemployment benefits.
  • Tax abatement disclosures.
  • Transfers of capital assets within a financial reporting entity.

In ad­di­tion, the im­ple­men­ta­tion guide amends certain Q&As from pre­vi­ously issued imple­men­ta­tion guides. It is effective for reporting periods beginning after June 15, 2019.

For more in­for­ma­tion, see the press release and im­ple­men­ta­tion guide on the GASB’s Web site.

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