GASB issues guidance for reporting model related to subsidies
September 30, 2026
GASB recently issued an implementation guide intended to clarify requirements related to subsidies in Statement No. 103, Financial Reporting Model Improvements.
Implementation Guide No. 2026-1 contains seven new questions and answers that address the application of GASB requirements under Statement 103 related to subsidies.
The guide also includes amendments related to subsidies to Question 4.5 in Implementation Guide No. 2025-1, Implementation Guidance Update — 2025.
Guidance in GASB implementation guides constitutes Category B GAAP, which is authoritative, according to a news release.
