New GASB guide assists with implementation

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New GASB guide assists with implementation

GASB issued an implementation guide Thursday that is designed to assist state and local government financial reporting personnel as they adopt and apply certain GASB statements.

New questions about the application of GASB’s standards are addressed in Implementation Guide No. 2019-1, Implementation Guidance Update — 2019.

Some of the topics addressed include:

The guide also includes amendments to previously issued implementation guidance. The requirements of Implementation Guide 2019-1 take effect for reporting periods beginning after June 15, 2019. GASB encourages early application for guidance related to standards that already have been implemented.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

Research & References of New GASB guide assists with implementation|A&C Accounting And Tax Services
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New GASB guide assists with implementation

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