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GASB issues implementation guidance

Pensions, post-employment benefits, and more are addressed.

Please note: This item is from our archives and was published in 2018. It is provided for historical reference. The content may be out of date and links may no longer function.

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GASB recently issued implementation guidance that is intended to clarify, explain, or elaborate on some of the board’s accounting standards for state and local governments.

The guidance is included in Q&A format in Implementation Guide No. 2018-1, Implementation Guidance Update — 2018. The update contains new guidance on GASB standards on pensions, other post-employment benefits, the statistical section, regulatory reporting, and tax abatement disclosures.

Requirements in the implementation guide took effect for reporting periods beginning after June 15, 2018.