The Governmental Accounting Standards Board proposed guidance Monday to address a broad set of accounting and financial reporting issues to help state and local governments deal with the implementation and application of certain GASB pronouncements.

The issues covered in GASB’s exposure draft, known as “Omnibus 201X,” include reporting goodwill and “negative” goodwill, classifying real estate that is held for both operations and investment purposes by insurance entities, and measuring certain money market investments and participating interest-earning investment contracts at amortized cost.

To access the exposure draft, click here. GASB is asking for comments by Nov. 23, 2016.

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