13th Annual Governmental GAAP UpdateSatellite Teleconference Thursday, November 6, 20081 p.m. - 5 p.m. EST4 CPE CreditsOn November 6, 2008, the Government Finance Officers Association (GFOA) will offer its much acclaimed Annual Governmental GAAP Update by satellite teleconference for the 13th consecutive year. Last year more than 3,000 accounting and auditing professionals participated in this unique interactive training opportunity at 149 sites across the country. This year’s teleconference is scheduled for 1-5 p.m. Eastern Time. As usual, the program will offer a comprehensive and practical overview of all of the major developments in accounting and financial reporting during the past year that affect state and local governments, with special emphasis on the activities of the Governmental Accounting Standards Board (GASB). Specific topics that will be addressed at this year’s teleconference include: - Components of fund balance and definitions of governmental fund types (new GASB statement)
- Derivatives (new GASB statement)
- Recognition and measurement attributes (active GASB project)
- Implementation guidance (recent changes to the GASB’s Comprehensive Implementation Guide)
- Common reporting deficiencies and practice clarifications (based on experience in the GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program)
- Best practices in accounting and financial reporting (GFOA recommended practices)
- GASB Technical Plan
- Service efforts and accomplishments (SEA) reporting (amendments to GASB concepts statement and proposed guidelines for voluntary reporting)
- COSO Update (new guidance on monitoring internal control)
PresenterThe program will be presented once again by Mr. Stephen J. Gauthier, the GFOA’s Director of Technical Services. Mr. Gauthier is the author of numerous GFOA publications, including Governmental Accounting, Auditing, and Financial Reporting ( GAAFR or the “Blue Book”). He also is a regular instructor at the GFOA’s national training seminars. Questions?
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