What's Going on at the GASB

Overview

The GASB has been working on some big projects lately. This course starts with a look at the GASB standards effective this year, including GASB 94, Public Private Partnerships and GASB 96, Subscription Based IT Arrangements. We will include practical applications in the form of case studies to apply the topics. We will then switch gears to the GASB standards coming down the pike, including the major projects of the GASB.

Objectives

• Recall the impact of GASB 94 on financial reporting for governments
• Describe the accounting for subscription based IT arrangements
• Prepare journal entries compliant with GASB 94
• Prepare journal entries compliant with GASB 96
• Recall the impact of standards effective in 2023
• Recall major projects the GASB is working on
• Identify GASB standards effective after 2023

Highlights

• Leases
• SBITAs
• Public Private Partnerships
• Revenue & Expense Recognition
• Financial Reporting Model