GASB Statement No. 84, and the related implementation guide 2019-2, both named Fiduciary Activities, became effective for reporting periods beginning after December 15, 2018, eliminating the ambiguity that has existed in defining a fiduciary activity, but also changing the way that many governments will report on fiduciary funds. This session will provide a comprehensive review of fiduciary activities and and fiduciary fund accounting and financial reporting, including discussion of challenges of implementation by finance officers who have recently implemented the standard.
Trust Me - Fiduciary Activities and Fiduciary Fund Reporting
Field of Study:
Accounting – Governmental