Architectural detail of modern sustainable academy building on Groningen Campus, Netherlands in Instagram toning

Technical Line - A closer look at the GASB’s revised financial reporting model requirements


Overview

Our publication summarizes key provisions of GASB 103, Financial Reporting Model Improvements, and provides interpretive guidance for state and local government business-type activities. The standard is effective for state and local governmental entities for fiscal years beginning after 15 June 2025 and all reporting periods thereafter. Earlier application is encouraged.

Download PDF