IN FOCUS: GASB’s Invitation to Comment on Revenue and Expense Recognition

March 14, 2018

2:00 PM - 3:00 PM

Registration is now open for an upcoming Governmental Accounting Standards Board (GASB) webinar on an Invitation to Comment (ITC) on the development of a comprehensive revenue and expense recognition model for state and local governments. The ITC is intended to obtain feedback from stakeholders on potential financial reporting alternatives at an early stage of the project. The purpose of this webinar is to inform stakeholders about the issues raised in the ITC.

IN FOCUS: GASB’s Invitation to Comment on Revenue and Expense Recognition webinar will take place on Wednesday, March 14, 2018, from 2:00 to 3:00 p.m. Eastern Daylight Time. The webinar will include the following:

  1. An overview of the Revenue and Expense Recognition project
  2. An in-depth review of the two models presented in the ITC: (a) the exchange/nonexchange model and (b) the performance obligation/no performance obligation model
  3. An audience question-and-answer session.

Participants in the live webinar (which is offered free of charge) will be eligible for up to 1 hour of Continuing Professional Education (CPE) credits (participants are encouraged topreregister).  (Please note that CPE credit is not available for group viewing of the live webinar.)

The webinar will feature Paulina Haro, GASB Supervising Project Manager, and Randy Finden, GASB Senior Project Manager. Dean Mead, GASB Senior Research Manager, will serve as moderator.

At the end of this program, participants will be able to broadly understand the two revenue and expense recognition models included in the ITC, including:

  1. Elements of a revenue and expense recognition model
  2. Differences and similarities of the models presented and current practice
  3. Potential challenges and benefits of the two models included in the ITC.

Participants will have the opportunity to submit questions to the panelists during the event.
An archive of the webcast will be available on the GASB website after the live event. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the project, visit www.gasb.org.