February 25, 2026
The Governmental Accounting Standards Board (GASB) has released a proposed Implementation Guide with guidance intended to clarify, explain, or elaborate on the requirements related to subsidies in Statement No. 103, Financial Reporting Model Improvements.
The proposed implementation guidance on Financial Reporting Model Improvements—Subsidies addresses the application of GASB requirements under Statement 103, as well as amendments to Question 4.5 in Implementation Guide No. 2025-1, Implementation Guidance Update—2025.
Stakeholders are asked to review the proposal and provide input to the GASB by April 27, 2026. Comments may be submitted either in writing and addressed to the Director of Research and Technical Activities, who may be emailed at [email protected], or through an electronic input form.
If you have questions about this topic or other policy matters, please contact NCACPA Coordinator of Advocacy & Outreach Will Edmondson.