Part two of Cherry Bekaert’s Government & Public Sector Governmental Accounting Standards Board (GASB) Update podcast covers GASB 104, Disclosure of Certain Capital Assets, updates to the 2025 Implementation Guide and current projects at GASB.

Danny  Martinez, CFO Advisory Partner, and Scott Anderson, Audit Director, break down what the latest updates mean, why they matter and how they could shape your reporting practices.  Whether you're a seasoned accounting professional or simply trying to stay current with governmental standards, this episode provides valuable insights, including:

• An overview of GASB Statement No. 104
• Criteria for identifying capital assets held for sale
• Disclosure requirements for sold assets
• Guidance on implementing GASB 104
• Key updates from the 2025 Implementation Guide
• Projects GASB is working on: 
  • Subsequent events 
  • Revenue and expense recognition 
  • Going concern uncertainties and severe financial stress 
  • Infrastructure assets 
• What high-performing governments can do to stay ahead and prepare for successful implementation

Cherry Bekaert’s CFO Advisory team provides a comprehensive GASB-as-a-service offering that helps governments overcome staffing and technical challenges. Cherry Bekaert has a dedicated team of professionals who specialize in providing accounting advisory services for governments, equipping them with the confidence that their needs will not be placed second to competing audit regulatory deadlines.

Related Guidance
GASB Update Part 1: What You Need to Know about GASB 102 & 103

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