July 12, 2022


Webinar


8 Total CPE Credits

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GASB Basic Financial Statements for State and Local Governments

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 OPEBStandards 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. (16th Annual)
  • New GASB Standards up to GASB 95 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.

CPE Credits Available

8
Total CPE
8
Accounting & Auditing

Things to Know About This Course

Prerequisites

An understanding of governmental accounting and financial reporting.

Advanced Preparation

None

Intended Audience

CPAs, governmental accountants and financial professionals.

Provider

California Society of CPAs

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