GASB Improves the Accounting for Certain Types of Arrangements

The GASB has issued Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements. The purpose of Statement 94 is to “improve ?nancial reporting by establishing the de?nitions of PPPs [public-private and public-public partnership arrangements] and APAs [availability payment arrangements] and providing uniform guidance on accounting and ?nancial reporting for transactions that meet those de?nitions. ”

For more information, see the press release on the GASB’s Web site.