June 20, 2022


1.5 Total CPE Credits


Common Reporting Deficiencies in Government Financial Statements

Learning Objectives

  • Recognize the impacts of rapid changes in GAAP on financial reporting.
  • Learn from the mistakes of others to improve your government's financial reporting.

Major Topics

Overview of Common Deficiencies identified in:
  • Transmittal and MD&A
  • Calculation of Net Investment in Capital Assets
  • Restricted Net Position-Linkage between Fund Financial Statements to Government-Wide Financial Statements
  • Classification of Fund Balance under GASB 54
  • Component Unit Considerations
  • Special Revenue Funds
  • Notes Disclosures
  • Component Units
  • Fund Balance
  • Revenue Stabilization Arrangements
  • Use of Internal Service Fund
  • Fiduciary Fund Reporting

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course


Experience with preparing government financial statements under GASB 34.

Advanced Preparation


Intended Audience

Auditors who perform financial statements of governments Financial Statements preparers Management


California Society of CPAs

This event has ended.