Dec 12, 2016
From the Financial Reporting View
The GASB recently issued an Exposure Draft of Implementation Guide No. 201X-Y, Implementation Guidance Update—201X, which would address a wide range of practice issues, including questions related to the GASB’s accounting and financial reporting standards about pensions, cash flow statements, the financial reporting entity, certain investments, external investment pools, fund balance, and tax abatements.
The proposal would be effective for reporting periods beginning after June 15, 2017. Earlier application would be permitted. The comment period ends January 31, 2017.