Understanding GASB's Implementation Guidance on Fiduciary Activities

Training Type: 
Date and Time: 
Aug 28 2019 - 2:00pm to 4:00pm  EDT
Field of Study: 
Accounting – Governmental
CPE Credits: 
Member Price: 
Non-Member Price: 

Basic understanding of governmental generally accepted accounting principles.

Director, Technical Services
Director of Business Services
Ascension Parish School Board
Who Will Benefit: 

Those responsible for the oversight, accounting, and financial reporting for government fiduciary activities; as well as auditors of governmental financial reports.

Program Description: 

Governmental Accounting Standards Board (GASB) Statement No. 84, Fiduciary Activities, became effective for reporting periods beginning after December 15, 2018. GASB’s Implementation Guide-Fiduciary Activities, due to be released in May 2019, addresses issues identified by GASB’s stakeholders as they planned for the initial implementation of GASB 84.

This 2-hour internet training is designed to educate participants on the additional guidance provided by the GASB in the form of questions and answers regarding fiduciary activities including:

All topics will incorporate GASB’s new implementation guidance on financial activities

  • The identification of a fiduciary component unit;
  • Pension and OPEB arrangements that are not component units;
  • Fiduciary activities, other than pension and OPEB arrangements and component units; and
  • The proper reporting for fiduciary activities in the fiduciary funds.
Seminar Objectives: 
  • Determine when a pension or OPEB plan should be reported as a fiduciary fund or fiduciary component unit of the primary government.
  • Understand when certain undertakings of a government (other than pension or OPEB arrangements) should be reported as fiduciary activities of the government.
  • Identify when certain fiduciary fund types should be used (other than pension or OPEB arrangements).
  • Understand the proper financial reporting for the government’s fiduciary activities.
  • Be able to apply GASB’s new implementation guidance for fiduciary activities
Registration Form: