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Article 12/04/2018

GASB Effective Dates

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BKD has prepared a handy reference guide of effective dates for entities that follow governmental accounting standards. BKD continues to monitor the Governmental Accounting Standards Board (GASB) standard-setting process. Visit our website page on GASB issues to learn more. For more information on how these issues could affect your organization, contact your BKD advisor.

Early application is encouraged for all the standards below.   

Standard

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GASB Standards Effective for Reporting Periods Beginning After June 15, 2018

Statement No. 83, Certain Asset Retirement Obligations

GASB’s Asset Retirement Guidance

Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements

GASB Issues Statement on Debt Disclosures

GASB Standards Effective for Reporting Periods Beginning After December 15, 2018

Statement No. 84, Fiduciary Activities

Changes to Government Reporting of Fiduciary Activities

Statement No. 90, Majority Equity Interests

GASB Addresses Majority Equity Interests

GASB Standards Effective for Reporting Periods Beginning After December 15, 2019

Statement No. 87, Leases

New Rules on a Government’s Accounting for Leases

Statement No. 89, Accounting for Interest Cost Incurred before the End of a Construction Period

GASB Updates Interest Capitalization Rules


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