CHAPTER 1
NEW DEVELOPMENTS
Introduction
Recently Issued GASB Statements and Their Effective Dates
Exposure Drafts
Exposure Draft—Accounting and Financial Reporting for Nonexchange Financial Guarantee Transactions
Accounting and Financial Reporting for Nonexchange Financial Guarantee Transactions
Recognition and Measurement in Economic Resources Financial Statements
Recognition and Measurement in Current Financial Resources Financial Statements
Government Receiving a Financial Guarantee
Disclosures
Effective Date and Transition
Exposure Draft—Government Combinations and Disposals of Government Operations
Effective Date
Preliminary Views
Recognition of Elements of Financial Statements
Measurement Approaches
GASB Project Plan
Summary
INTRODUCTION
The 2013 Governmental GAAP Guide incorporates all of the pronouncements issued by the Governmental Accounting Standards Board (GASB) through November 2012. This chapter is designed to keep the reader up to date on all pronouncements recently issued by the GASB and their effective dates, as well as to report on the Exposure Drafts, Preliminary Views, and Invitations to Comment for proposed new statements or interpretations that are currently outstanding. This chapter also includes relevant information on the GASB’s Technical Agenda for the upcoming year to give readers information as to potential areas for future GASB requirements.
RECENTLY ISSUED GASB STATEMENTS AND THEIR EFFECTIVE DATES
GASB Statement | Effective Date | Where in this book ... |
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