Webinar(CA): GASB Basic Financial Statements for State and Local Governments

Description

Master GASB 34. Receive an update of GASB-related pronouncements, exposure drafts, and future agenda items.
The impact of GASB Statement No. 34, Basic Financial Statements;and Management’s Discussion and Analysis;for State and Local Governments continues to reverberate in California.
Review concepts from a California City’s Comprehensive Annual Financial Report, including basic financial statement formats, reconciliation of government-wide financial statements to the fund’s financial statements, note disclosures and infrastructure capital assets.
Study the new GASB Pension and OPEB Standards in exercises using actuarial accounting valuations and the resulting note disclosures.

Learning Objectives

Identify basic GASB;financial statements.
Determine key technical elements, as well as analytical and statistical metrics.
Recognize accounting, financial reporting and disclosure issues.
Identify GASB pronouncements, exposure drafts and future agenda items.
Determine internal controls for government and audit risk assessments using a risk-based audit approach with the COSO framework.
Identify and review the new Pension and OPEB Standards including GASB Statement Nos. 68 and No. 75.
Identify the components of a City’s Comprehensive Annual Financial Report.

Major Topics

GASB 63 and 65, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position and Items Previously Reported as Assets and Liabilities
COSO for Smaller Entities and Governments.
GASB 34.
Survey of California cities and counties.
New GASB Standards up to GASB 91 with emphasis to GASB 84, Fiduciary Activities, and GASB 87, Leases.
Review the latest white paper from the California Committee of Municipal Accounting (CCMA) on GASB 84, Fiduciary Activities.

Provider
California CPA Education Foundation
Course Level
Advanced
CPE Field of Study
Accounting Governmental
8
Who Should Attend

CPAs, governmental accountants and financial professionals.

Instructor(s)
Gary Caporicci
Prerequisites

An understanding of governmental accounting and financial reporting.

Advanced Preparation

None

Location
Webinar
Register Now
When
Mar 17, 2021
9:30 am - 5:00 pm MDT
Location
Webinar
Total CPE Credits
8
Format
Webinar
Instructor
Gary Caporicci

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$295.00

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$400.00
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Webinar(CA): GASB Basic Financial Statements for State and Local Governments


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