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Business and Policy Areas
Business and Policy Areas

GASB Publishes Comprehensive Guide

November 14, 2006

The Governmental Accounting Standards Board (GASB) has released the 2006-07 edition of its Comprehensive Implementation Guide.  The publication consolidates and updates previously issued guides to individual standards and provides direction on standards for which no stand-alone instructions have been published. The 2006-07 edition includes, for the first time, the freestanding Implementation Guide to Statement 44 on the Statistical Section and the Implementation Guide to Statements 43 and 45 on Other Postemployment Benefits (OPEB).

The current guide provides answers to new questions about OPEB and a variety of other topics, including:

  • Compensated absences
  • The modified approach for reporting infrastructure assets
  • Asset impairment
  • Reporting of net assets
  • Termination benefits

The Comprehensive Implementation Guide  is $75 and can be ordered through the GASB's order department at 800-748-0659 or via the GASB Web site.