August 30, 2017

In-Person

Westin Huntsville
6800 Governors West NW, Huntsville, Madison County, Alabama 35806-3202

8 CPE

GASB Statement No. 72 – How Do You Measure Up?

August 30, 2017
In-Person
8 CPE

GASB Statement No. 72 – How Do You Measure Up?

  • Instructor

    John
    Georger

Responding to the need for greater clarity from stakeholders, GASB issued GASB Statement No. 72, Fair Value Measurement and Application. This standard, effective for reporting periods beginning after June 15, 2015, changed the way state and local governments report the value of investments and other financial instruments. This course explores case studies, real-world examples, and hands-on practice scenarios. Learn to apply the principles of this GASB standard to your governmental financial statements.<?xml:namespace prefix="o" />

Learning Objectives

When you complete this course you will be able to:<?xml:namespace prefix="o" />

•  Apply the definition of fair value and an investment.

•  Identify investments not measured at fair value.

•  Identify the valuation techniques acceptable for state and local governments.

•  Analyze the note disclosures required by GASB Statement No. 72.

Major Topics

•  Accounting and reporting of investments at fair value<?xml:namespace prefix="o" />

•  Valuation techniques

•  Required note disclosures associated with fair value measurement

CPE Credits Available

8 CPE
8
Accounting & Auditing

Westin Huntsville

6800 Governors West NW, Huntsville, Madison County, Alabama 35806-3202

Get Directions

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Governmental

Prerequisites

Knowledge of governmental accounting and reporting

Advanced Preparation

None

Intended Audience

Auditors and financial managers responsible for the accounting and reporting of state and local governments, agencies, divisions and teams

Provider

AICPA (Boone)

This event has ended.