The objective of this course is to provide an overview of the common deficiencies noted in a government financial report.
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
