Children sitting at desks in a classroom raise their hands toward a teacher standing in front of a green chalkboard, indicating they want to answer a question. The scene is bright and engaging.

GASB 104 – Disclosure of Certain Capital Assets

April 2nd, 2026 | Audit & Assurance | Education
Facebook LinkedIn Email

GASB Statement No. 104, Disclosure of Certain Capital Assets, is effective for fiscal years ending June 30, 2026. This Statement requires additional note disclosures for certain types of capital assets, including leased assets and subscription-based information technology arrangements (SBITAs), as well as capital assets that are held for sale.

The standard also clarifies existing disclosure requirements related to capital asset activity and is intended to improve consistency and transparency in financial reporting. Most districts are not expected to see significant changes to the recorded amount; however, additional disclosures may be required in the notes to the financial statements.

We will work with each District during the audit to determine whether any additional disclosures are necessary under this standard.

Webinar: 2026 GASB Update

Join Maner’s education team for our annual GASB update webinar on Thursday, May 14, from 10 to 11 a.m. We’ll discuss the latest GASB updates for schools, including:

  • GASB 103: Financial Reporting Model Improvements
  • GASB 104: Disclosure of Certain Capital Assets
  • Uniform Guidance Updates

Don’t miss out on the chance to gain valuable insights into financial and reporting strategies—and to ask your questions about GASB best practices. Register for the webinar today and stay ahead of compliance requirements while optimizing your financial management practices!

Read About This Year’s Other Updates