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18TH ANNUAL GOVERNMENTAL GAAP UPDATE

Encore Presentation: December 5, 2013 (1:00 – 5:00 p.m. Eastern) Register online, Brochure, Agenda

The Government Finance Officers Association (GFOA) will offer its 18th Annual Governmental GAAP Update on November 7, 2013, with an encore presentation on December 5, 2013, using the latest video and audio streaming technology. The seminar offers an incomparable opportunity to learn everything you need to know about the most recent developments in accounting and financial reporting for state and local governments from the convenience of your own computer. Enjoy all the benefits of the highest quality continuing professional education without the time and expense of travel. Sign up with your colleagues and take advantage of special group rates.

COVERAGE:

This year’s Annual Governmental GAAP Update will provide comprehensive coverage of the most recent developments in accounting and financial reporting for state and local governments, including:
  • New standards from the Governmental Accounting Standards Board (GASB) on:
    • Business combinations and transfers of operations (GASB Statement No. 69)
    • Financial guarantees (GASB Statement No. 70)
  • Proposed standards from the GASB on:
    • Measurement approaches (exposure draft)
    • Fair value measurement and its application (exposure draft)
  • The latest GASB implementation guidance, including:
    •  Annual update to the Comprehensive Implementation Guide
    • New implementation guide for pension plans
  • Review of GASB standards about to take effect on:
    • Deferred outflows and inflows (GASB Statement No. 65 – FYE 12/31/13)
    • Technical corrections (GASB Statement No. 66 – FYE 12/31/13)
    • Pensions for employers (GASB Statement No. 68 – FYE 6/30/15)
  • GASB’s Technical Plan
  • Common financial reporting deficiencies

 

INTENDED OUTCOMES:

Participants in this year’s GAAP Update should obtain a practical understanding of:

  • How they will need to account for business combinations and financial guarantees;
  • How the GASB has proposed to measure different financial statement elements;
  • How the GASB proposes to measure fair value in a variety of different situations;
  • What recent changes the GASB has made to its Comprehensive Implementation Guide;
  • How to implement the GASB’s new guidance for pension plans;
  • What the GASB is planning for the future;
  • How to avoid common reporting deficiencies.


LEVEL:

Intermediate

PREREQUISITES:

Intermediate Governmental Accounting (or its equivalent = basic understanding of GAAP for state and local governments).

 

Earn 4 CPE credits with your participation. (Field of Study: Accounting (Governmental)

 

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