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GAAP.RUNewsGASB Proposes Statements on Service Concession Arrangements and Financial Instruments

GASB Proposes Statements on Service Concession Arrangements and Financial Instruments

Publication date: 3 July 2009

The Governmental Accounting Standards Board (GASB) has issued two Exposure Drafts (EDs) of proposed Statements “Accounting and Financial Reporting for Service Concession Arrangements” and “Financial Instruments Omnibus”. The proposed Statements are intended to increase transparency in these financial activities.

The Governmental Accounting Standards Board (GASB) has issued two Exposure Drafts (EDs) of proposed Statements “Accounting and Financial Reporting for Service Concession Arrangements (SCAs)” and “Financial Instruments Omnibus”; chairman Robert Attmore commented.