HFMA’s P&P Board Comments on GASB’s Proposed Implementation Guide, Financial Reporting Model Improvements-Subsidies

On April 24, 2026, HFMA’s Principles and Practices (P&P) Board commented on the Governmental Accounting Standards Board’s (GASB’s) Proposed Implementation Guide, Financial Reporting Model Improvements-Subsidies. In the letter, The P&P Board provides specific comments pertaining to: Effective Date and Implementation Concerns, Conceptual Concerns with the Q&A Interpretation, Interaction with Revenue Recognition Principles, Inconsistencies in Financial Statement Presentation, and more.