Advanced Financial Reporting: March 20-22, 2013
Prerequisite: Intermediate Governmental Accounting or its equivalent
Course level: Advanced
CPE credits: 20
Time: 2.5 days, 1st and 2nd day: 9 a.m. – 5 p.m., 3rd day: 8 a.m. – 11:30 a.m.
Who Will Benefit
Accounting and financial reporting professionals who have prepared, or wish to be able to prepare, a comprehensive annual financial report (CAFR).
Participants will examine in detail the format and contents of a CAFR prepared in accordance with both generally accepted accounting principles (GAAP) and the program requirements of the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program.
Note: This program is an expanded form of the GFOA’s one-day seminar on Preparing a CAFR.
Those who successfully complete the seminar should be able to:
Identify the three basic sections of a CAFR and the essential components of each
Differentiate basic financial statements, required supplementary information, and other supplementary information within a CAFR
Identify the basic elements of a letter of transmittal
Identify the appropriate elements to include in management’s discussion and analysis
Format each of the basic financial statements
Classify data in each of the basic financial statements
Format combining and individual fund statements
Properly apply commonly misunderstood note disclosure requirements
Prepare required statistical presentations
Note: It is recommended that attendees bring a copy of the GFOA’s 2005 Governmental Accounting, Auditing, and Financial Reporting: Using the GASB 34 Model, to the seminar with them.
2005 Governmental Accounting, Auditing, and Financial Reporting: Using the GASB 34 Model (Chapters 10, 11, and 13).
GFOA member: $685 Nonmember: $865