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22WC-1073: Basic Concepts of Governmental Accounting, Financial Reporting and Auditing (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Tuesday, January 10, 2023
Time 10:00am - 5:30pm
Central Time
Location Online
CPE credits CPE 8.0
Field(s)
of study
Accounting (Governmental) - Technical (8.0)
Fees
Standard Member Fee $289.00
Standard Nonmember Fee $389.00

Description

Review governmental accounting and financial reporting, including auditing, internal controls, and governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study of a California city that will emphasize the governmental accounting and financial reporting model. Also, review the new GASB Pension and OPEB Standards with class exercises that take the actuarial accounting valuations to financial reporting and to note disclosures.

Who should take this program?

Professionals in Government and Public Accounting.

Major subjects

  • Governmental environment: cities, counties, special districts and other agencies
  • Fund accounting
  • Budgeting
  • GASB 34 accounting and financial reporting
  • Measurement focus and basis of accounting
  • Auditing of governments: risk assessment and evaluation of internal controls
  • AICPA Auditing Standards
  • Generally Accepted Accounting Principles for government
  • GASB Pension and OPEB Standards including the "Implicit Rate Subsidy"
  • Update GASB's Exposure Draft on Financial Reporting Model Improvements

Learning objective(s)

  • Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report (CAFR).
  • Recall and review GASB Statement No. 34, Basic Financial Statements -- and Management's Discussion and Analysis -- for State and Local Governments.
  • Recognize governmental auditing issues, including risk assessment and internal controls and the Financial Reporting Entity.
  • Determine requirements for compliance audits.
  • Review separate standards between governmental and business accounting and financial reporting.

Notes:

Course code Code 22WC-1073
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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