July 12, 2022


8 Total CPE Credits


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

Total CPE
Accounting & Auditing

Things to Know About This Course


An understanding of governmental accounting and financial reporting.

Advanced Preparation


Intended Audience

CPAs, governmental accountants and financial professionals.


California Society of CPAs

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