Brace for Impact: Proposed Changes to Infrastructure and GAAP

Conference Registration

This year, the Governmental Accounting Standards Board (GASB) issued preliminary views on major issues related to infrastructure assets that proposed sweeping changes to infrastructure reporting on financial statements, including elements of methods of valuation and additional note disclosures. In response, GFOA offered perspectives from members in accounting, capital planning, and debt management.

In this session, panelists will discuss the proposed methodology changes, how this may comprehensively change reporting disclosures for issuers with infrastructure assets, and what you can do to prepare.

Learning Objectives

  • Explore updates to accounting standards relevant to infrastructure projects.

  • Understand the role of notice and comment in GAAP proposals from a variety of perspectives.

  • Examine the importance of accurate infrastructure disclosure in financial reporting.