GAE2204. GASB-Measurement and Reporting "The BIG Three"

The session will provide an update of the progress on GASB's Big 3 on-going standard setting projects---the Reexamination of the Financial Reporting Model, Revenue and Expense Recognition, and Disclosures.

Learning Objectives:

• Recall the objectives of the 3 significant GASB standard setting projects (financial reporting model, revenue and expense recognition, and disclosure framework).
• Recognize the recent progress and current status of the 3 significant projects.
• Identify the next steps and expected timeline of each of the 3 projects.