GASB Introduces New, Improved Comprehensive Implementation Guide

Two previously freestanding implementation guides have been included for the first time in the 2006-2007 edition of the Comprehensive Implementation Guide, published last week by the Governmental Accounting Standards Board (GASB). This year, the Comprehensive Implementation Guide has been reorganized to better accommodate the addition of new questions and employs a new numbering system designed to make it easier to follow changes from year to year.

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.

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