This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
GASB Financial Reporting Model Improvements
The Governmental Accounting Standards Board (GASB) issued its first public comment document in its comprehensive project re-examining the financial reporting model. The Invitation to Comment re-examines governmental funds’ measurement focus and basis of accounting and financial statement preparation. Three measurement focus and basis of accounting alternatives are open for comment, and feedback is highly encouraged.