WebJan 6, 2024 · The pre-agenda research item on subsequent events is designed to: Evaluate the effectiveness of the existing guidance for identifying and reporting subsequent events; and. Consider the need for revisions to those standards. If the board determines that additional guidance is needed, it would consider developing revised standards for … Web• A PPP is an arrangement in which a government contracts with a 3 rd party to provide ... • Establishes a definition for SBITAs and provides uniform guidance on accounting ... • Clarification of provisions related to GASB 87, GASB 94, and GASB 96 • GASB 87 – Clarification related to the determination of the lease term, ...
Frequently Asked Questions on GASB’s Leasing Standard
WebGASB-87 defines a lease as a contract that conveys control of the right to use another entity’s nonfinancial asset (also known as the underlying asset), for a period as specified … WebJun 16, 2024 · Breaking it down. On June 16, 2024, the GASB issued GASB Statement No. 101, “Compensated Absences,” to enhance the recognition and measurement guidance for compensated absences and to refine the related financial statement disclosures.. Basics of the GASB statement. The GASB statement amends the definition of a compensated … felony probation in gainesville fl
Defined contribution plans & GASB Statement 97: Key considerations ...
WebApr 20, 2024 · GASB issued a standard Monday that is designed to improve state and local governments’ accounting for public-private and public-public partnership arrangements (known as P3s) and availability payment arrangements (known as APAs).. The guidance is included in GASB Statement No. 94, Public-Private and Public-Public Partnerships and … WebOct 5, 2024 · Fair warning — GASB is very explicit that hiring a third party to act on its behalf doesn’t mitigate a government’s control, if it exists. Within GASB Statement 97, GASB addressed Section 457 plans somewhat separately. An entity with a 457 plan will need to first determine whether that plan meets the definition of a pension plan. WebGASB 62, paragraphs 54 through 57, provides guidance on the disclosure requirements of transactions that occur between related parties. As defined by GASB 62, paragraph … felony quantity