Financial Facts

February 20, 2019

GASB has issued proposed implementation guidance to 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 answers to such topics as:

  • Cash flow reporting
  • Post-employment benefits
  • Derivative instruments
  • Irrevocable split-interest agreements
  • Tax-abatement disclosures

Amendments to previously issued implementation guidance are also proposed in the exposure draft.

VACo Contact: Vicky Steinruck, CPA

- Related Blog Posts -

Financial Facts

October 1, 2013

View Blog Post

Governor’s Secure Commonwealth Initiative HHR Sub-Panel Meets

April 18, 2017

View Blog Post

The Commonwealth Transportation Board announces record number of Smart Scale applications

September 20, 2018

View Blog Post