GASB Improves the Accounting for Certain Types of Arrangements
April 22, 2020
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.