The Playbook on Qualitative Disclosures

Conference Registration

Let's talk about disclosures that coordinate with, but don't actually tie to numbers in the statements. Disclosures on tax abatement agreements and certain risk disclosures are required by GAAP and should be reviewed annually to ensure the information presented is complete and accurate. These disclosures present a challenge because they take time to draft and often require information from outside the finance office. This session will cover the requirements of these disclosures and examples from government preparers. Panelists will also discuss a current GASB project that might add a new disclosure to the financial statements on probable dissolution and severe financial stress.

Learning Objectives

  • Identify the required disclosure components for tax abatements and certain risk disclosures

  • Outline the steps required to track and prepare the disclosures

  • Describe the concepts of GASB's Preliminary Views on probable dissolution and severe financial stress

Speakers

Kristine Brock

Kristine Brock

Assistant City Administrator/Chief Financial Officer, City of Franklin, Tennessee

Levi Gibson

Levi Gibson

Budget and Finance Director, City of Glendale, Arizona

Dean Mead

Dean Mead

Partner, Government & Public Sector Sub-Line Leader, CRI Advisors LLC

Cameron Van Noy, CPA

Cameron Van Noy, CPA

Financial Reporting Manager, Travis County, Texas