GASB Releases Implementation Guide

The GASB has released an implementation guide containing Q&As that “clarify, explain, or elaborate on certain GASB pronouncements.” New Q&A topics covered in the 2025 update of the guide include cash flow reporting, improvements to the financial reporting model, leases, conduit debt obligations, accounting changes and error corrections, and compensated absences.

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