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GASB Basic Financial Statements for State and Local Governments (4091260C)

 
REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

The impact of GASB 34, Basic Financial Statements--and Management's Discussion and Analysis--for State and Local Governments, continues to reverberate in California. Understand the impact of GASB 34, along with that of other standards and updates GASB has issued, including GASB 53, Accounting and Financial Reporting for Derivative Instruments. You will review important concepts such as basic financial statement formats, reconciliations of government-wide financial statements to the funds financial statements, note disclosures and infrastructure capital assets.

Date:Tuesday, November 10, 2009
Time:8:30 AM - 4:30 PM (Registration at 7:30 AM)
Facility:Hilton Pleasanton, Pleasanton
Area:East Bay Area
CPE Credit:2.0 Fraud
8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
8.0 Government
8.0 Yellow Book
NASBA Subject Area:Accounting (Governmental)
Delivery:Group Live
Course Level:Advanced
Fee:$315 CalCPA Members, $415 Nonmembers
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Understand GASB 34.
  • Walk-through several GASB basic financial statements and discuss key technical elements, analytical and statistical matters.
  • Review accounting, financial reporting and disclosures for OPEB.
  • Review 2009 Survey of California Cities and Counties.
  • Explore current GASB pronouncements and future agenda items.
  • Review internal controls for government and determine audit risk assessments using the C&L Risk-based Audit Approach and the COSO Framework.
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    Major Topics:
  • GASB Nos. 43 and 45, "Other Post-employment Benefits" and review implementation at a few government agencies
  • Review "COSO for Smaller Governments!!" process of evaluating internal controls and how this methodology may be applied to government agencies
  • Walk-through a few special districts basic financial statements
  • GASB 34 "Perpetuation of Capital Assets and Infrastructure (Don McDougall, Engineered Tax Services, Inc.
  • GASB 34 financial reporting requirements
  • SAS No. 114: The Auditor's Communication with Those Charged with Governance
    •

    Designed for:
    CPAs who are responsible for financial reporting and who serve government entities including cities, counties, school districts and special districts, as well as government officials who have responsibility for preparing financial statements in accordance with GAAP and GASB 34.

    Prerequisite:
    Understanding of governmental accounting and financial reporting.

    Advanced Preparation:
    None


     
     
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