The Playbook on Qualitative Disclosures

The Playbook on Qualitative Disclosures

Conference Registration

Session Details

Date: Tuesday, July 1

Time: 2:00 pm - 3:15 pm ET

1.5 CPE credits

Level: intermediate

Field of Study: Accounting (Governmental)

Location: Ballroom A

Let's talk about disclosures that coordinate with, but don't actually tie to numbers in the statements. Disclosures on tax abatement agreements and certain risk disclosures are required by GAAP and should be reviewed annually to ensure the information presented is complete and accurate. These disclosures present a challenge because they take time to draft and often require information from outside the finance office. This session will cover the requirements of these disclosures and examples from government preparers. Panelists will also discuss a current GASB project that might add a new disclosure to the financial statements on probable dissolution and severe financial stress.

Learning Objectives

  • Identify the required disclosure components for tax abatements and certain risk disclosures

  • Outline the steps required to track and prepare the disclosures

  • Describe the concepts of GASB's Preliminary Views on probable dissolution and severe financial stress

Speakers