GASB Introduces New, Improved <i>Comprehensive Implementation Guide</i>
The Comprehensive Implementation Guide consolidates and updates previously issued guides to individual standards and provides current guidance on standards for which no stand-alone guides have been published. As part of the reorganization, existing questions have been revised, and obsolete questions have been deleted. A new chapter uniting questions on pronouncements not covered in other chapters has also been added.
The two standalone guides added to the 2006-2007 edition are the Implementation Guide to Statement 44 on the Statistical Section and the Implementation Guide to Statements 43 and 45 on Other Postemployment Benefits (OPEB). New questions have also been added regarding OPEB and a variety of topics including:
- Compensated absences
- The modified approach for reporting infrastructure assets
- Asset impairment
- Reporting net assets
- Termination benefits
The Comprehensive Implementation Guide can be ordered through the GASB’s order department using product code GSIG07.