GOV2117. GASB Update

This session will give an overview of the GASB pronouncements that become effective in the coming fiscal years. The session also will explain some of the projects on GASB's current technical agenda and research agenda.

Learning Objectives:

• Discuss the provisions of recent pronouncements of the GASB, including standards related to subscription based technology arrangements and leases
• Determine how the recent pronouncements change financial reporting and enhance the understandability of government financial statements
• Discuss on-going projects of the GASB including the financial reporting model re-examination and revenue and expense recognition