Project Pages
Comprehensive Implementation Guide Update
Project Description: The objective of this project is to update the Comprehensive Implementation Guide for the effects of new pronouncements and for additional issues that have come to the attention of the staff.
Status: 2012–2013 Comprehensive Implementation Guide was published in October 2012.
- Project Plan
- Recent Minutes
- Project staff:
Comprehensive Implementation Guide Update—Project Plan
Project Description: This project will update the Comprehensive Implementation Guide for the effects of new pronouncements and for additional issues that have come to the attention of staff.
Background: To date, the GASB staff has issued 13 stand-alone Implementation Guides, which have been consolidated into the Comprehensive Implementation Guide. The guide is updated annually through the addition of new questions and answers and the amendment or deletion of previous questions and answers that no longer are relevant due to subsequently issued guidance or to the passage of time.
Project History: The 2012–2013 edition of the Comprehensive Implementation Guide was published in October 2012.
Current Developments: In January and February, new members were appointed to the project advisory committee to fill positions vacated by members who completed their terms or who are no longer available to serve. In addition, staff members began working on materials to be considered for the June 2013 update.
Work Plan:
| Board meetings | Topics to be considered | |
| May 2013: |
Staff development of material for 2013–2014 guide and review of proposals by Advisory Committee. |
|
| June 2013: | Review ballot draft of 2013–2014 guide update. |
Comprehensive Implementation Guide Update—Recent Minutes
Minutes of Teleconference, June 25, 2012
The Board reviewed and provided comments on the ballot draft of the Comprehensive Implementation Guide, 2012–2013 edition. Many of the proposed changes for the 2012–2013 guide were a result of the implementation of Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, No. 65, Items Previously Reported as Assets and Liabilities, and No. 66, Technical Corrections—2012. The Board provided suggestions to clarify the content of certain questions and answers in the staff’s proposal. After discussing these suggested clarifications, the update to the guide was cleared for issuance. No Board member objected to the issuance of the Guide.
Minutes of Meeting, June 27-29, 2011
The Board reviewed and provided comments on the ballot draft of the Comprehensive Implementation Guide, 2011–2012 edition. Many of the proposed changes, additions, and deletions to questions and answers for the 2011–2012 guide were a result of the implementation of Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, No. 59, Financial Instruments Omnibus, No. 61, The Financial Reporting Entity: Omnibus, and No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. New questions also were proposed related to the reporting of component units, capitalization of interest, restricted net assets, and derivative instruments. The Board provided suggestions to clarify the content of certain questions and answers in the staff’s proposal. After discussing these changes, the Board unanimously cleared the update to the guide for issuance.
Minutes of Teleconference, December 29, 2010
The Board reviewed and provided comments on the ballot draft of the Comprehensive Implementation Guide, 2010–2011 mid-year supplement. Many of the proposed changes, additions, and deletions to questions and answers for the supplement were a result of the implementation of Statement No. 53, Accounting and Financial Reporting for Derivative Instruments. The Board provided suggestions to clarify the content of certain questions and answers in the staff’s proposal. The update to the guide was unanimously cleared by the Board for issuance.