Implementing GASB Statement 103: Lessons Learned So Far

Beginning with fiscal years ending June 30, 2026, state and local governments must implement GASB Statement No. 103, Financial Reporting Model Improvements. Join us for a practical overview of the new requirements for management’s discussion and analysis, operating and nonoperating revenues and expenses, budgetary comparison information, major component unit reporting, and unusual and infrequent items.

We’ll highlight key implementation considerations, common challenges, and lessons learned to help you prepare for adoption and avoid surprises.

Live webinar attendees are eligible for 2.0 hours of CPE credit.

Learning Objectives

1. Describe the enhancements Statement 103 requires for management’s discussion and analysis.
2. Distinguish between operating and nonoperating revenues and expenses, including subsidies received and provided.
3. Identify the additional reporting changes introduced by Statement 103, including revisions to budgetary comparison information, major component unit reporting, and unusual or infrequent items.
4. Identify common implementation challenges associated with Statement 103 and evaluate practical approaches for addressing them.