Basic Concepts of Governmental Accounting, Financial Reporting and Auditing Webcast | 4201646C

Date :
January 14, 2021 8:30 AM - 4:00 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Basic
Member Price :
289.00
Nonmember Price :
389.00
CPE Credits :
CPE 8.00, AA 8.00, FR 2.00, YB 8.00, GT 8.00
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Review governmental accounting and financial reporting, including auditing, internal controls, and governmental fund accounting and budgeting.

Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study of a California city that will emphasize the governmental accounting and financial reporting model.

Also, review the new GASB Pension and OPEB  Standards with a class exercises that takes the actuarial accounting valuations to financial reporting and to note disclosures.

 

 

Objectives:

 
  • Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report (CAFR).
  • Recall and review GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governements.
  • Recognize governmental auditing issues, including risk assessment and internal controls and the Financial Reporting Entity.
  • Determine requirements for compliance audits.
  • Review separate standards between governmental and business accounting and financial reporting.
 

Major Subjects:

 
  • Governmental environment: cities, counties, special districts and other agencies
  • Fund accounting
  • Budgeting
  • GASB 34 accounting and financial reporting
  • Measurement focus and basis of accounting
  • Auditing of governments: risk assessment and evaluation of internal controls
  • AICPA Auditing Standards
  • Generally Accepted Accounting Principles for government
  • GASB Pension and OPEB Standards including the "Implicit Rate Subsidy"
  • Review GASB's Preliminary Views on Financial Reporting Model Improvements
 

Advanced Prep:

 

None.

 

Misc. Information:

This course will adjourn at 4 p.m.

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Level of Difficulty:
Basic
Field of Interest:
Accounting (Governmental)
Prerequisites:
 

None.

 
Designed For:
 

Professionals in Government and Public Accounting.

 

Instructors

Gary M Caporicci, CFF, CGFM, CGMA

Gary M. Caporicci is a partner at The Pun Group, LLP. He has more than 40 years of diversified business experience, including a specialization in audit and management consulting for government organizations. His clients include public and private universities and colleges, city and county governments, state agencies, joint power authorities, healthcare agencies, transportation agencies, and special districts. Known for his expertise in the areas of construction and government, Caporicci wrote the AICPA audit guides on these topics, and he has authored many audit and accounting courses for professional groups, as well as academic institutions. He frequently speaks and lectures at many professional organizations, governmental seminars and conferences held by industry associations, other accounting firms, and universities. In addition, he authors white papers for the California Committee on Municipal Accounting.

Prior to working with The Pun Group, Caporicci founded his own accounting practice. He also spent 11 years with a Big Eight professional services firm, where he was an audit manager and gained broad experience in a wide range of industries such as government, construction, manufacturing, mutual funds, and insurance. Prior to that, he held a consultant position with a Big Four practice and was vice president of a national insurance and financial services company. In 2015 Caporicci was appointed to the State Retirement Advisory Committee by the State Controller. Caporicci holds a bachelor’s degree in accounting and finance from Armstrong University, and is a CPA licensed by the State of California.

Materials:

  • Materials - ebook