GOV2434. Towards an Exposure Draft for Revenue and Expense Recognition REPEAT

In this session we will discuss the current status of the Revenue and Expense Recognition Project and the progress made towards the development of a due process document next year. We will highlight some of the major Board decisions about recognition in Category B transactions and some of the changes made since the Preliminary Views. We will highlight the items that remain up for redeliberation.

Learning Objectives:

• Identify the reasons the GASB is taking a broad look at revenue and expense recognition.
• Analyze the GASB's new approach for categorization of transactions.
• Identify the recently made tentative decisions about Category B transactions.