Illinois Government Finance Officers Association
Illinois Government Finance Officers Association
Technical Accounting Review Committee (TARC)
Wednesday, January 13, 2016 at 2:00 pm
Location: IGFOA Offices
800 Roosevelt Road, Building C, Suite 312
Glen Ellyn, IL 60137
AGENDA
A. Review Presentation Materials for the February 4, 2016 IGFOA Webinar, “Recording & Reporting Revenue Received from Non-Exchange Transactions.”
B. GASB Exposure Draft Feedback – Review, Discuss and Provide Feedback: Implementation Guide No. 20XX-X, Implementation Guidance Update—20XX
(Comment Deadline: November 30, 2015)
(Exposure Draft)
C. Future Meeting Dates
D. Other Issues Requiring TARC Discussion: Upcoming Items from GASB (for a future TARC meeting):
Pension Issues—an amendment of GASB Statements No. 67, No. 68, and No. 73
(Comment Deadline: February 12, 2016)
(Exposure Draft)
December 7, 2015 (Approved by the Board) Exposure Draft
Fiduciary Activities
(Comment Deadline: March 31, 2016)
(Exposure Draft)
December 8, 2015 (Approved by the Board) Exposure Draft
Certain Asset Retirement Obligations
(Comment Deadline: March 31, 2016)
(Exposure Draft)
December 7, 2015 (Approved by the Board) Exposure Draft
Learning Objectives – This meeting is eligible for CPE credit.
▪ Understand the accounting and financial reporting issues for revenues from non-exchange transactions.
▪ Comment on the Exposure Drafts on Fiduciary Activities and Certain Asset Retirement Obligations of the Governmental Accounting Standards Board.
▪ Expand your familiarity of the accounting and financial reporting challenges faced by local governments in Illinois as a result of legislative inaction through interaction with fellow accounting and finance professionals
Call-In Information
Phone: 1-866-740-1260
Access Code: 8337557
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