Live Webinar | Finance and Business Strategy
Live Webinar | Billing and Collections
Live Webinar | Patient Access
Live Webinar | Finance and Business Strategy
Live Webinar | Finance and Business Strategy
News | Accounting and Financial Reporting

GASB seeks volunteers to participate in ‘field test’ of proposed changes

News | Accounting and Financial Reporting

GASB seeks volunteers to participate in ‘field test’ of proposed changes

The standards body for organizations that follow governmental accounting standards is seeking volunteers to test new rules.

The Governmental Accounting Standards Board (GASB) is seeking participants to “field test” the standards it proposed in a new document, Preliminary Views, Revenue and Expense Recognition, that was issued in June.

The proposed standards aim to develop a comprehensive, principles-based model that establishes categorization, recognition and measurement guidance applicable to a wide range of revenue and expense transactions, according to GASB.

Volunteer organizations will test implementation of the proposed changes and provide feedback to GASB on their experience. Field testing will primarily evaluate the transactions of the organizations using the proposed model.

Feedback sought from preparers of such financial statements include:

  • Potential implementation difficulties
  • Costs associated with initial and ongoing implementation of the proposed standards
  • Whether any of the proposed standards are unclear

GASB will use the feedback to help develop an “Exposure Draft” of the proposed standards.

The first field test will be distributed to participating organizations in September, with results returned in December. A separate field test will be available in December and completed in March 2021.

Interested organizations and those with questions should contact Pam Dolan, supervising project manager for GASB, at

About the Author

HFMA staff

Sign up for a free guest account and get access to five free articles every month.


Related Articles | Accounting and Financial Reporting

News | Financial Leadership

HFMA’s Annual Conference showcased a healthcare industry working to innovate and thrive amid the COVID-19 pandemic and other challenges

HFMA’s 2021 Annual Conference underscored a healthcare industry at a crossroads amid the lingering COVID-19 pandemic and daunting financial trends.

Column | Cost of Care

Healthcare’s top area of vulnerability: cost effectiveness

HFMA President and CEO Joe Fifer discusses some of the ways that healthcare provider organizations are vulnerable to disruption.

How To | Cost Effectiveness of Health

Cost Effectiveness of Health Report, September 2021

HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, is a monthly e-newsletter that will explore ways to ensure healthcare delivery in the United States is not only financially sustainable but also cost effective for all of its stakeholders — including health systems, physicians, health plans and patients. In this inaugural issue of the report, healthcare futurist Jeff Goldsmith shares his perspectives on the need for a focus on improving cost effectiveness of health as a societal imperative.

News | Staff Development

HFMA’s Annual Conference 2021 kicks off Nov. 8, with options for healthcare finance professionals to attend in Minneapolis or virtually

HFMA’s Annual Conference 2021, which begins Nov. 8, will provide education and networking opportunities for both in-person and virtual attendees.