With the implementation of GASB's pension and other postemployment benefit (OPEB) standards, some of the largest numbers and most detailed disclosures in a government's financial statements are calculated by actuaries.
Accounting for Investments is a complex and evolving area of government accounting. GASB has issued at least 15 statements that govern some aspect of accounting and financial reporting for investments.
How transparent is your government? GFOA has long advocated for transparency in financial reporting. For governments, this means reporting to a variety of various stakeholders each with unique needs and interests.
2018 will be the first year for many government employers implement the new other post-employment benefit (OPEB) reporting standards This session will include how to address the implementation challenges of OPEB.
Many financial statement preparers dread the auditors showing up. Auditors may not look forward to engaging with certain clients. Learn how to have an effective audit – one that is meaningful, useful, and timely, affording satisfaction from all parties involved.
A government's reporting and disclosure about its debt is one of the most scrutinized elements of its financial reporting. This session will review the current GASB guidance related to accounting and financial reporting for debt. Pronouncements reviewed will include GASB Statement No.
This session, long a staple at the annual conference, will be joined this year by the GASB Chairman. Speakers will provide a comprehensive overview of the key developments in accounting, auditing, and financial reporting that affect state and local governments.
GASB 87 on leases will become effective for periods beginning after December 15, 2019, but if you're thinking this can be placed on the back burner for a while, think again. The new lease accounting is going to require quite a lot of advanced preparation.
The Governmental Accounting Standards Board (GASB) is in the midst of research involving whether the framework for going concern needs to be updated in light of many governments experiencing financial difficulty or oversight, but without the legal ability (or desire) to declare bankruptcy.