GASB 2020 Implementation Guide Released

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At least annually, GASB issues an implementation guide to help governments adopt new accounting standards or provide guidance on existing standards. This article contains details on the 2020 edition, which primarily addresses questions on Statement 87, Leases. The guide features an important scope clarification for pension/other post-employment benefits (OPEB) plan treatment under Statement 84, Fiduciary Activities, which will provide relief when evaluating certain component unit criteria for pension and OPEB arrangements.

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