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Minutes Archive

Comprehensive Implementation Guide Update


Minutes of Meeting, June 25-27, 2013


The Board reviewed and provided comments on the ballot draft of the Comprehensive Implementation Guide, 2013–2014 edition. Many of the proposed changes were a result of the issuance of Statement No. 66, Technical Corrections—2012, Statement No. 67, Financial Reporting for Pension Plans, Statement No. 68, Accounting and Financial Reporting for Pensions, Statement No. 69, Government Combinations and Disposals of Government Operations, or Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees. The project staff’s proposals recommended removing material associated with Statement No. 25, Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans, including questions and answers related to measurement of pension obligations for the 2013–2014 edition, and removing remaining material related to Statement No. 27, Accounting for Pensions by State and Local Governmental Employers, for the 2014–2015 edition. 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 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.