Intermediate Governmental Accounting: Capital Assets and Long-term Liabilities

Accounting and Financial Reporting

Intermediate Governmental Accounting: Capital Assets and Long-term Liabilities

Event Type: In-Person Training

Dates and Times

  • July 29, 2026 8:30 a.m. - 4:30 p.m. CT

  • July 30, 2026 8:30 a.m. - 4:30 p.m. CT

Location

GFOA Training Center
203 North LaSalle Street, Suite 2700
Chicago, IL

Event Details

Field of Study: Accounting (Governmental)

Level: Intermediate

Credits: 16

Prerequisite: GFOA Accounting Academy, Government Accounting Intensive Series, or equivalent program/knowledge

Status: This event has availability.

Details

This seminar is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used by state and local governments for capital assets and long-term liabilities including debt instruments, leases and compensated absences.  The capital asset accounting and financial reporting content includes reporting requirements through GASB Statement No.104. The seminar includes a discussion on ‘what government issuers need to know’ ahead of issuing general obligation debt. The content is provided through a combination of lectures, discussion questions and exercises.

Who Will Benefit

  • CFO/Finance Director, Controller, Accountant, Auditor

Learning Objectives

Those who successfully complete this series should gain a basic understanding of the appropriate governmental accounting and financial reporting related to:

  • Understand the capitalization components and valuation of capital assets, including intangible assets.
  • Prepare annual financial reports to meet the presentation and disclosure requirements for capital assets and long-term liabilities, including debt instruments.
  • Identify the components of lease agreements and subscription-based information technology arrangements agreements for measurement and financial reporting.
  • Understand the types of public-private and public-public partnerships and availability payment arrangements and the required financial reporting.
  • Calculate compensated absences liabilities.

Member Price: $800.00

Non-Member Price: $1,050.00

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