Virtual
GASB Basic Financial Statements for State and Local Governments 2024
Date: March 6, 2025
Time: 8 a.m. – 3:30 p.m. PT
Member
$299.00
Nonmember
$399.00
Members, log in to access your discount.
Overview
This course will cover updates on GASB-related pronouncements, exposure drafts and future agenda items. Participants will learn to master GASB 34 and study the new GASB Pension and OPEB Standards in exercises using actuarial accounting valuations and the resulting note disclosures. Concepts will be reviewed using a California City's Annual Comprehensive Financial Report, including basic financial statement formats, reconciliation of government-wide financial statements to the fund's financial statements, note disclosures and infrastructure capital assets.
Product Code
1000002980-126449
Credit Type
CPE: 8CPE-AA: 8CPE-GT: 8CPE-Technical: 8YB: 8Intended Audience
CPAs, governmental accountants and financial professionals.
NASBA Field of Study
- Accounting
- Auditing
Level of Difficulty
Advanced
Prerequisites
An understanding of governmental accounting and financial reporting.
Advance Preparation
None.
Learning Objectives
Major Subjects
- Internal controls and risk assessments using a risk-based audit approach
- New Pension and OPEB Standards, including GASB Statement Nos. 68 and No. 75
- COSO for Smaller Entities and Governments
- Survey of California Cities and Counties (17th Annual)
- New GASB Standards updated with an emphasis on GASB 84, Fiduciary Activities and GASB 87, Leases
- GASB's "Big Three" Projects
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.