GASB Statement No. 100, Accounting Changes and Error Corrections (GASB 100),1 must be implemented first by governments with fiscal years ending June 30, 2024—meaning, essentially, now. An overview of all key aspects of the statement appeared in the August 2022 issue of GFR,2 but in this article, we’ll focus on a little-noticed but significant nuance about the reporting and disclosure requirements related to certain changes within a financial reporting entity: the “ghost column.”
- Publication date: June 2024
- Authors: Michele Mark Levine, Susannah Filipovic, and Todd Buikema, CPA