The Governmental Accounting Standards Board (GASB) is planning a major reassessment of the governmental financial reporting model now in use. As part of that reassessment, GASB released an Invitation To Comment (ITC) document earlier this year, that suggested major changes in how balances and transactions are reported and measured in governmental funds. GASB also plans to explore other important changes to the financial reporting model in future due-process documents. This session will provide a detailed review of the various alternatives set forth in the ITC document, as well as a summary of the most important tentative conclusions GASB has reached on other aspects of the financial reporting model project.
Déjà Vu All Over Again! GASB Revisits the Financial Reporting Model
Tuesday, May 23, 2017 - 10:20am to 12:00pm
Four Seasons ballroom 2/3
Field of Study:
Accounting – Governmental