GOV2134. Revenue and Expense Recognition - Where are We Now and What's Ahead? (Repeat of GOV2108)

This session will dive into the current status of the Revenue and Expense Recognition Project. We'll recap some of the key provisions proposed in the Preliminary Views document and discuss some of the public feedback provided to the GASB along with items of note from Board deliberations of those topics.

Learning Objectives:

• Determine the reasons the GASB is taking a comprehensive look at revenue and expense recognition.
• Identify the GASB's preliminary views regarding a new approach for categorization of revenue and expense transactions.
• Recognize topics discussed by the Board as part of the preliminary views due process feedback deliberations.