Proposed implementation guidance issued by GASB would provide state and local government financial statement preparers with questions and answers designed to clarify, explain, or elaborate on the board's standards.
Implementation Guidance Update — 2019 proposes questions and answers to address the application of the board's standards on many topics, including:
- Cash flows reporting.
- Post-employment benefits.
- Derivative instruments.
- Irrevocable split-interest agreements.
- Tax abatement disclosures.
Amendments to previously issued implementation guidance also are proposed in the exposure draft. Comments were due on the proposal by Jan. 31.