GASB has issued a preliminary views document which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to develop the model for categorization, recognition, and measurement. In lieu of the 3 methods proposed in the ITC, GASB has developed a Category A / Category B. For those familiar with the FASB guidance in Topic 606, the introduction of performance obligations for Category A should feel somewhat similar. Due to the scope of the project, COVID19 and upcoming fiscal year ends for many governments, comments are not due until February 2021.