Accounting or auditing professionals responsible for preparing or auditing the financial statements of a state or local government.
The Governmental Accounting Standards Board (GASB) has issued a number of standards that apply di- rectly or indirectly to accounting and financial reporting for investments. This seminar examines the practi- cal application of this guidance and related note disclosure. Topics examined include: timing of recognition of purchases and sales, valuation, purchased interest, pooled cash and investments, repurchase agree- ments, reverse repurchase agreements, securities lending arrangements, and derivatives.
To provide participants with a comprehensive understanding of how to display and disclose investments in state and local government financial statements.