GASB Statement No. 103, Financial Reporting Model Improvements, introduces targeted improvements to the governmental financial reporting model, building on the foundation established by GASB 34. This CPE-eligible webinar will provide a comprehensive overview of the key changes, including presentation requirements for proprietary fund statements, updates to the Management’s Discussion and Analysis (MD&A), presentation options for discretely presented component units, and more.
Join us to understand how GASB 103 enhances transparency, improves decision-useful information, and supports accountability in public sector financial reporting. You’ll walk away with practical insights on implementation strategies and compliance considerations ahead of the effective date.
What you’ll learn:
- Presentation requirements for proprietary fund statements and the classification of operating/ nonoperating activities, including subsidies
- Revised structure and content requirements for MD&A, including the five mandated sections
- Implications of GASB 103 on financial reporting processes and implementation
