This paper summarizes GASB-issued standards sorted by effective date and includes updates on outstanding proposals, projects, and research.

GASB seeks feedback on its 2021 implementation guide, which primarily addresses unresolved questions on Statement 87, Leases, and Statement 84, Fiduciary Activities.

GASB has several long-term projects underway to update its conceptual framework, as well as a substantial overhaul of the financial reporting model and revenue and expense recognition.

Organizations shouldn’t wait to implement GASB’s new lease accounting rules, which represent a big change from current guidance.

With additional time to implement Statement 87, Leases, this document incorporates all subsequent standard setting and implementation guidance issued by GASB.

Global working groups have developed several pre-cessation triggers that will activate fallback language in contracts that could accelerate the transition from LIBOR.

Public sector leaders across the country are facing changing regulations, challenges, and issues amid COVID-19. Join BKD National Public Sector Group and other industry leaders for this CPE-eligible event and learn important insights on GASB updates…

The $500 billion Municipal Liquidity Facility (MLF) became fully operational on May 26, 2020, but through July only one government has borrowed $1.2 billion. This article includes all updates to MLF program details as of August 11, 2020.

This paper summarizes GASB-issued standards sorted by effective date and includes updates on outstanding proposals, projects, and research.

GASB has released guidance that addresses the accounting for costs related to cloud computing agreements. There had been no authoritative governmental accounting literature for these investments.