Virtual

Basic Concepts of Governmental Accounting & Auditing 2024

Date: Feb. 20, 2025

Time: 8 a.m. – 3:30 p.m. PT

CPE: 8

Overview

This course will review governmental accounting and financial reporting, including auditing, internal controls and governmental fund accounting and budgeting. To understand GASB pronouncements, especially GASB 34, published financial reports will be discussed, and a case study on a California city that emphasizes the governmental accounting and financial reporting model. The new GASB Pension and OPEB Standards will be reviewed with class exercises on actuarial accounting valuations in financial reporting and note disclosures.

Product Code
1000002979-126446
Credit Type
CPE: 8
CPE-AA: 8
CPE-GT: 8
CPE-Technical: 8
YB: 8
Accessibility
Closed Captioning Available
Intended Audience
Professionals in Government and Public Accounting.
NASBA Field of Study
- Accounting
- Auditing
Level of Difficulty
Basic
Prerequisites
None.
Advance Preparation
None.

Learning Objectives

Determine governmental accounting and financial reporting basics, including a review of an Annual Comprehensive Financial Report (ACFR)

Recognize different standards for governmental activities and business-type activities

Identify and review GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments

Major Subjects

Governmental environment: cities, counties, special districts and other agencies
GASB 34 accounting and financial reporting, including measurement focus, the basis of accounting and fund accounting
Governmental auditing issues, including risk assessment and internal controls and compliance
GASB Pension and OPEB Standards
Update GASB's standards, including GASB No. 87, Leases
Review GASB's Exposure Draft on Financial Reporting Model Improvements

Faculty

Aubrey W. Mann

Aubrey W. Mann, CPA is a partner of Wilkinson Hadley King & Co., LLP, a CPA firm specializing in the field of K-12 education school accounting and auditing. Mann is a graduate of Southern Utah University with a bachelor’s degree in accounting, and of Washington State University with a master of business administration, with an emphasis in finance.Mann has over 20 years of experience in audits of governmental and not-for-profit clients and has ...

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Kenneth Hing-Kwong Pun

Kenneth H. Pun is the managing partner of The Pun Group, LLP. He has more than 21 years of public accounting experience with a high level of expertise in successfully working with the private, governmental and not-for-profit sectors. Clients often engage Pun due to the premier level of service he provides, his commitment, and his innovative methods of increasing operational efficiencies and reducing costs. He is a trusted advisor and a leader ...

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Additional Details

This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.

Basic Concepts of Governmental Accounting & Auditing 2024

Overview

Product Code

Credit Type

Accessibility

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Faculty

Additional Details