GASB-103 and 104 - Gearing Up!
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
GASB Statement Nos. 103 and 104 represent medium-sized changes to the basic financial statements and required supplementary information for states and local governments. The changes are to be implemented during 2025. Hear about the changes and steps you can take to plan for success.
Publication Date: March 2025
Topics Covered
- How Did We Get to GASB-103?
- GASB-104, Disclosure of Certain Capital Assets - Bid Deal?
- Implementation and Strategy for Both Standards
Learning Objectives
- Identify the changes in GASB-103 that will impact states and local governments
- Identify the changes in GASB-104 that will impact states and local government
- Explain the implementation provisions for both standards as they are being implemented in 2025
- Identify the changes potentially needed for management’s discussion and analysis as well as other required supplementary information
- Recognize how to strategize planning for the new standards
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
