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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 that provide guidance in a question-and-answer format to help governments 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) from GASB’s Pronouncements page on their website.

A few of the most recent implementation guides of interest are:

  • Implementation Guide No. 2023-1, Implementation Guidance Update — 2023
  • Implementation Guide No. 2021-1, Implementation Guidance Update — 2021
  • Implementation Guide No. 2020-1, Implementation Guidance Update — 2020
  • Implementation Guide No. 2019-3, Leases
  • Implementation Guide Update No. 2019-2 — Fiduciary Activities
  • Implementation Guide No. 2019-1, Implementation Guidance Update — 2019
  • 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)
  • Implementation Guide Update No. 2017-2 — Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans
  • Implementation Guide Update No. 2017-1 — Implementation Guidance Update — 2017
  • Implementation Guide Update No. 2016-1 — Implementation Guidance Update — 2016
  • Implementation Guide No. 2015-1