Question

What are some GASB Exposure Drafts looming the near future?

What are some GASB Exposure Drafts looming the near future?

Homework Answers

Answer #1
The GASB Drafts in near future are:
1. Revenue and Expense Recognition
2. Accounting for Interest Cost during the Construction
3. Implementation Guide No. 201Y-X, Implementation Guidance Update - 201Y
4. Accounting and Financial Reporting for Majority Equity Interests - an amendment of GASB Statement No 14.
5. Certain disclosure related to Debt, inclusing Direct Borrowings and Direct Placements - an amendment of GASB Statements no. 34 and 38.
6. Financial Reporting Model Improvements - Governmental Funds
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