REVISED
NOTICE OF MEETINGS
of the
GOVERNMENTAL ACCOUNTING STANDARDS BOARD

 
Date December 1, 2020 (Tuesday)
Place: Webcast
Time: 9:00 a.m.–5:00 p.m. EST
Agenda:
  1. Board Videoconference Minutes: The Board will review and consider for approval the tentative minutes from the November 9, 2020 videoconference.
  2. Compensated Absences: The Board will review a draft of the Standards section that will be included in an Exposure Draft of a proposed Statement. In addition, the Board will discuss a proposed effective date and transition provisions, and cost-benefit considerations.
  3. Conceptual Framework—Disclosure Framework: The Board will continue redeliberations of issues raised by the respondents to the Exposure Draft, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements:  Notes to Financial Statements. The focus of the discussion will be on information that is appropriate and not appropriate for notes to financial statements.
  4. Omnibus: The Board will continue deliberations on practice issues related to leases and derivative instruments. In addition, potential modifications to terminology also will be discussed.
  5. Risks and Uncertainties Disclosures: (time permitting). The Board will continue discussions associated with potential risks and uncertainties disclosures, including issues associated with the scope of the project, level of detailed disclosure guidance, limitations to risks and uncertainties disclosures, and level of reporting.
   
Date December 1, 2020 (Tuesday)
Place: Virtual
Time: 5:15–6:15 p.m. EST
Agenda:
  • Administrative Meeting (closed to the public)
   
Date December 2, 2020 (Wednesday)
Place: Webcast
Time: 9:00–9:45 a.m. EST [Revised 12/01/20]
Agenda:
  1. Risks and Uncertainties Disclosures (a continuation of the previous day’s discussion).
   
Date December 2,  2020 (Wednesday)
Place: Webcast
Time: 10:00 a.m.–12:00 p.m. EST
Agenda:
  • AICPA State and Local Government Expert Panel Liaison Meeting. The Board will meet with members of the AICPA’s State and Local Government Expert Panel to discuss issues of mutual interest.
   
Date December 2, 2020 (Wednesday)
Place: Webcast
Time: 1:00–5:00 p.m. EST
Agenda:
  1. Risks and Uncertainties Disclosures: (a continuation of the discussion).
  2. Prior-Period Adjustments, Accounting Changes, and Error Corrections: The Board will discuss accounting changes, changes to or within the reporting entity, and error corrections that require retroactive treatment and disclosure requirements related to changes in estimates.
   
Date December 3, 2020 (Thursday)
Place: Webcast
Time: 9:00 a.m.–12:00 p.m. EST
Agenda:
  1. Prior-Period Adjustments, Accounting Changes, and Error Corrections: (a continuation of the previous day’s discussion).
  2. GASB Technical Plan: The Board will review and consider for approval the proposed technical plan for the first third of 2021.


At this time, the Financial Accounting Foundation offices are closed. Board meetings are being conducted virtually and are available by webcast. To access the webcasts, visit the Meetings section of the GASB website, www.gasb.org, and go to Live Meeting Webcasts.

If you have any questions regarding the meetings, please contact Greta DeAngelis by email at ghdeangelis@gasb.org.