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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Introduction

Governmental Accounting Standards Board (GASB)
GASB Implementation Guides

GASB issues implementation guides with guidance in a question-and-answer format to help agencies apply the various GASB standards. GASB issues an annual Comprehensive Implementation Guide (CIG) in addition to separate implementation guides that accompany major GASB standards. The guidance in the separate guides is eventually incorporated into the annual CIG. GASB implementation guides are available to download in PDF format (for free) on the Pronouncements page of its website.

A few of the most recent Implementation Guides of interest are:

  • Implementation Guide No. 2025-1, Implementation Guidance Update — 2025
  • Implementation Guide No. 2023-1, Implementation Guidance Update — 2023 (Amended by GASB 103)
  • Implementation Guide No. 2021-1, Implementation Guidance Update — 2021 (Amended by GASB 103)
  • Implementation Guide No. 2020-1, Implementation Guidance Update — 2020 (Amended by GASB 97)
  • Implementation Guide No. 2019-3, Leases (Amended by GASB 95, 96, 99 and 104)
  • Implementation Guide No. 2019-2 — Fiduciary Activities (Amended by GASB 97)
  • Implementation Guide No. 2019-1, Implementation Guidance Update — 2019 (Amended by GASB 92, 99, 103 and 104)
  • Implementation Guide No. 2018-1, Implementation Guidance Update — 2018
  • Implementation Guide Update No. 2017-3 — Accounting and Financial Reporting for Postemployment Benefit Other Than Pension (and Certain Issues Related to OPEB Plan Reporting) (Amended by GASB 95 and 101)
  • Implementation Guide Update No. 2017-2 — Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans (Amended by GASB 84, 85, 87, 92, 96, 101 and 104)
  • Implementation Guide Update No. 2017-1 — Implementation Guidance Update — 2017 (Amended by GASB 84 and 103)
  • Implementation Guide Update No. 2016-1 — Implementation Guidance Update — 2016 (Amended by GASB 84, 87, 99, 101, 103 and 104)