Public Sector Accounting Discussion Group Meeting – June 7, 2024

Agenda

The topics the Public Sector Accounting Discussion Group discussed are outlined below.

Asset Retirement Obligations: Exploration of Potential Application Issues

• Consider potential applications issues public sector entities may experience in exercising professional judgment when evaluating certain aspects of asset retirement obligations.

Application of GAAP Hierarchy – Operating Leases, Lessee Accounting Treatment

• Consider the accounting treatment that public sector entities should apply to operating leases.