GASB continues to evaluate making changes to its reporting model, which received its last comprehensive review in the project leading to the adoption of GASB Statement No. 34, issued in 1999. At the same time, the GASB examines the way governments currently report all revenues and expenses. This could have wide-ranging effects on the method and timing of revenue and expense/ expenditure recognition both government-wide and in all types of funds. Speakers will provide an update on both of these important projects. Attend so you can provide feedback to the GASB and comment on how these potential changes will affect your government.
Back to the Future: Update on GASB’s Reporting Model and Recognition Projects