Accounting and Financial Reporting

25th Annual Governmental GAAP Update (Encore Presentation)

eLearning Course

December 3, 2020

1 p.m.-5 p.m. ET

  • Credits: 4.00

Please note that the training will take place on GFOA’s Learning Management System. Please log onto to access the course. You will receive reminder e-mails from or

Government Finance Officers Association (GFOA) will offer encore presentations of its 25th Annual Governmental GAAP Update on December 3, 2020 and again on January 14, 2021, 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!

Participate in interactive exercises to test your knowledge of the material being presented. Receive immediate feedback to your questions during the program from GFOA’s Technical Services staff.

Fees: Early registration/Regular registration
Member: $135/$180
Associate: $155/$215
Nonmember public: $150/$195
Nonmember private: $185/$245

Prerequisite: Knowledge of state and local governmental accounting and financial reporting.

Who Will Benefit:
State and local governmental accounting and financial reporting professionals, state and local government CFOs, and auditors of state and local governments.

Learning Objectives:
  • Understand when and how the replacement of LIBOR will affect accounting for hedges and leases;
  • Recognize arrangements that should be accounted for in accordance with new guidance on P3s and learn how they should be reported;
  • Identify cloud computing and similar arrangements that should be reported in accordance with new requirements for subscription-based information technology arrangements and learn the proper accounting for them;
  • Review the saga of changes in accounting guidance applicable to Internal Revenue Code Section 457 Plans and understand how that has been resolved;
  • Identify key elements of proposed guidance for which GASB is currently seeking comments;
  • and Gain an understanding of other new accounting standards and implementation guidance recently issued by GASB.