Business Daily.
.
A+ R A-

GASB Proposes Enhanced Guidance on Irrevocable Split-Interest Agreements

E-mail Print PDF
NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today issued an Exposure Draft proposing recognition and measurement guidance for governments that benefit from irrevocable split-interest agreements. Irrevocable split-interest agreements are arrangements in which a donor transfers assets for the shared benefit of at least two beneficiaries: a government—typically a public college or university or public healthcare provider—and another beneficiary designated by

imageimage
Business Daily Media