What’s new since the 2020 GAAFR:
- Updates for 10 GASB Statements issued since the 2020 GAAFR, including: Subscription-Based Information Technology Arrangements (SBITAs), Public-Private and Public-Public Partnerships and Availability Payment Arrangements (PPPs), Accounting Changes and Error Corrections, and Compensated Absences
- New chapter dedicated to leases, SBITAs, and PPPs (Chapter 26) with expanded discussion of the accounting for each arrangement, including determining the terms (length) of the agreements and measuring assets, liabilities, deferred inflows and outflows of resources, and inflows and outflows of resources recognized for each type of arrangement
- A new chapter on the internal control component Information and Communication (Chapter 42)
- A new discussion of pledged revenues not received by the pledging government has been added to Chapter 28
Click here to learn more and to purchase.