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#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/2jRfG5 #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/JQN5sY #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/fEP7ov #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/uoADsC #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/UiYgbO #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/FGd1r0 #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/P2QtNh #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/zLvJkF #FinancialReporting #GASB103 #Govt #PublicSector

#GASB Statement No. 103 introduces crucial updates to financial reporting for state and local governments. Find out what changes are coming in June 2025. https://okt.to/AFBHNq #FinancialReporting #GASB103 #Govt #PublicSector

In this article from Forvis Mazars, get details on #GASB Statement 103, which updates requirements for management’s discussion and analysis, unusual and infrequent items, proprietary fund statement, component unit, and budget presentation. State and local government leaders should be aware of the effort involved in applying these changes for financial statements.