Governmental Accounting Standards Board Statement (GASB) 77 – Tax Abatement Disclosures. This course will discuss the GASB definition of a tax abatement and criteria to be meet to be considered a tax abatement. Required components to be included within the footnote disclosure will be discussed. This Statement has no financial statement impact, only footnote disclosure requirements.
Course Learning Objectives: Common audit issues and frequently asked questions will also be covered
Statement of Accreditation Rationale: This workshop is discussing accounting and reporting of a new GASB statement.