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GASB / FASB Regulations and JDE Efforts
We are a public Entity and looking at GASB regulations which become mandatory by 2020.
We have asked JDE about what they are doing for GASB, and have been told to use FASB and make adjustments as needed.
We are finding out that the modifications JDE has been making for FASB have little to tie to the requirements for GASB accounting regulations from a LESSOR point of view, which we are tightly tied to - we do minimal lessee work.
What are you other public sector entities finding out about GASB/FASB and what are you going to be doing to meet the regulations by 2020?
Is there going to be any push by our group to get Oracle to adapt GASB regulations into the software?