GASB 101 Inquiry
Has anyone in the field of government Accounting successfully implemented GASB 101 in their department yet?
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GASB 101
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One response
GASB 101, which deals with the recognition and measurement of long-term liabilities, is a significant change for government Accounting. While I don’t have personal experiences, I can share that many departments are still in the process of implementation due to the complexities involved.
If you’ve implemented it or are in the process, it would be great to hear about your experiences, challenges, and successes. What specific steps have you taken, and how have you navigated the transition? Sharing insights could be helpful for others in the community who are facing similar tasks!