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AICPA Governmental & Not-for-Profit Training Program 2020

GOV2024 - Conceptual Framework - What Guides the GASB's Decisions?

Oct 20, 2020 2:25pm ‐ Oct 20, 2020 3:15pm

Standard: $49.00


The Concepts Statements provide a conceptual framework of objectives and principles that help the GASB develop accounting and financial reporting standards. This session will serve as a refresher on the existing Concepts Statements and provide an update of changes currently being considered.

Learning Objectives:
  • Analyze Concepts Statements No. 1-6.
  • Identify the criteria for disclosing information items in notes to financial statements, as proposed in the GASB's February 2020 Exposure Draft, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements: Notes to Financial Statements.
  • Identify the concepts proposed in the GASB's ongoing project, Recognition of Elements of Financial Statements.


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