Implementation Guidance Update—2023
GASB Exposure Draft:
Implementation Guidance
Update—2023
Project Description: The objective of this project is to update implementation guidance for additional issues that come to the attention of the staff. This project will result in the issuance of an Implementation Guide when sufficient need exists for new or improved guidance and the Board does not object to its issuance. All updates are incorporated into the Codification of Governmental Accounting and Financial Reporting Standards and the Comprehensive Implementation Guide, as appropriate.
Status: Exposure Draft Comment Period
Background: New implementation guidance is considered annually and may result in the addition of new questions and answers or revision of existing questions and answers.
Project History:
Work Plan:
Minutes of Meetings, January 30, 2023
The Board reviewed a ballot draft of a supplemental Exposure Draft, Additional Proposal for Implementation Guidance Update—2023, and discussed clarifying edits. The Board voted unanimously to not object to the issuance of an Exposure Draft of a proposed Implementation Guide.
Minutes of Meetings, January 10–11, 2023
The Board reviewed a staff proposal for a new question and answer to provide additional implementation guidance related to Statement No. 96, Subscription-Based Information Technology Arrangements, and provided suggestions for clarifying edits. The Board did not object to incorporating the proposed question and answer into an Exposure Draft that would supplement the Exposure Draft of a proposed Implementation Guide, Implementation Guidance Update—2023, that was cleared by the Board at its October 31, 2022 meeting. The Board did not object to the project staff presenting a preballot draft of a supplemental Exposure Draft.
Next, the Board reviewed a preballot draft of a supplemental Exposure Draft, Additional Proposal for Implementation Guidance Update—2023. The Board did not object to the project staff presenting a ballot draft of an Exposure Draft at the January 30, 2023 Board meeting.
Minutes of Meeting, October 31, 2022
The Board reviewed a ballot draft of an Exposure Draft of a proposed Implementation Guide, Implementation Guidance Update—2023. The Board unanimously voted not to object to the issuance of an Exposure Draft of a proposed Implementation Guide.
Minutes of Meeting, September 12, 2022
The Board reviewed a preballot draft of an Exposure Draft of an Implementation Guide, Implementation Guidance Update—2023. As part of its review, the Board considered the addition of (1) a proposed new question and answer related to perpetual licenses in the context of Statement No. 96, Subscription-Based Information Technology Arrangements, and (2) a proposed amendment to Question 4.16 in Implementation Guide No. 2019-3, Leases, intended to resolve a terminology issue related to the phrase cancellable periods. The Board also considered proposed effective date and transition provisions.
The Board did not object to project staff presenting a ballot draft of an Exposure Draft at the October Board meeting.
Minutes of Meeting, August 1, 2022
The Board reviewed staff proposals for new questions and answers and an amendment to an existing question and answer for inclusion in an implementation guidance update. The Board suggested clarifying edits to certain proposals and, with consideration of those suggestions, tentatively did not object to incorporating the following staff proposals into the next implementation guidance update:
Implementation Guidance
Update—2023
Project Description: The objective of this project is to update implementation guidance for additional issues that come to the attention of the staff. This project will result in the issuance of an Implementation Guide when sufficient need exists for new or improved guidance and the Board does not object to its issuance. All updates are incorporated into the Codification of Governmental Accounting and Financial Reporting Standards and the Comprehensive Implementation Guide, as appropriate.
Status: Exposure Draft Comment Period
- Background
- Project History
- Current Developments
- Work Plan
- Recent Minutes
- Project staff:
Implementation Guidance Update—2023—Project Plan
Background: New implementation guidance is considered annually and may result in the addition of new questions and answers or revision of existing questions and answers.
Project History:
- Consultative group appointed? No
- Deliberations on 2023 Implementation Guidance Update began: July 2022
- Exposure Draft cleared for issuance: October 2022
Work Plan:
| Board Meetings | Topics to Be Considered |
| March 13,
2023 |
Redeliberate issues based on respondent feedback. |
| April 24, 2023 | Review a preballot draft of a final Implementation Guide. |
| June 5, 2023 | Review a ballot draft of a final Implementation Guide and consider for clearance. |
Implementation Guidance Update—2023—Recent Minutes
Minutes of Meetings, January 30, 2023
The Board reviewed a ballot draft of a supplemental Exposure Draft, Additional Proposal for Implementation Guidance Update—2023, and discussed clarifying edits. The Board voted unanimously to not object to the issuance of an Exposure Draft of a proposed Implementation Guide.
Minutes of Meetings, January 10–11, 2023
The Board reviewed a staff proposal for a new question and answer to provide additional implementation guidance related to Statement No. 96, Subscription-Based Information Technology Arrangements, and provided suggestions for clarifying edits. The Board did not object to incorporating the proposed question and answer into an Exposure Draft that would supplement the Exposure Draft of a proposed Implementation Guide, Implementation Guidance Update—2023, that was cleared by the Board at its October 31, 2022 meeting. The Board did not object to the project staff presenting a preballot draft of a supplemental Exposure Draft.
Next, the Board reviewed a preballot draft of a supplemental Exposure Draft, Additional Proposal for Implementation Guidance Update—2023. The Board did not object to the project staff presenting a ballot draft of an Exposure Draft at the January 30, 2023 Board meeting.
Minutes of Meeting, October 31, 2022
The Board reviewed a ballot draft of an Exposure Draft of a proposed Implementation Guide, Implementation Guidance Update—2023. The Board unanimously voted not to object to the issuance of an Exposure Draft of a proposed Implementation Guide.
Minutes of Meeting, September 12, 2022
The Board reviewed a preballot draft of an Exposure Draft of an Implementation Guide, Implementation Guidance Update—2023. As part of its review, the Board considered the addition of (1) a proposed new question and answer related to perpetual licenses in the context of Statement No. 96, Subscription-Based Information Technology Arrangements, and (2) a proposed amendment to Question 4.16 in Implementation Guide No. 2019-3, Leases, intended to resolve a terminology issue related to the phrase cancellable periods. The Board also considered proposed effective date and transition provisions.
The Board did not object to project staff presenting a ballot draft of an Exposure Draft at the October Board meeting.
Minutes of Meeting, August 1, 2022
The Board reviewed staff proposals for new questions and answers and an amendment to an existing question and answer for inclusion in an implementation guidance update. The Board suggested clarifying edits to certain proposals and, with consideration of those suggestions, tentatively did not object to incorporating the following staff proposals into the next implementation guidance update:
- New questions and answers related to short-term leases
- New questions and answers related to lessee and lessor recognition and measurement for leases other than short-term leases and contracts that transfer ownership
- A new question and answer related to the subscription term for subscription-based information technology arrangements
- A new question and answer related to changes to or within the financial reporting entity as described in Statement No. 100, Accounting Changes and Error Corrections.