Webcast: Basic Concepts of Governmental Accounting, Financial Reporting and Auditing (XCGAFRA18)
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Gain a primer on governmental accounting and financial reporting by reviewing auditing and internal controls, as well as governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study on a city that will emphasize the governmental accounting and financial reporting model. In addition, review the six new GASB pension standards with a class exercise that takes the actuarial acc

4/25/2018
When: 04/25/2018
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4171646D
United States
Presenter: Gary M. Caporicci, CPA, CGFM, CFF


Online registration is closed.
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Acronym XCGAFRA18
CPE 8 hours
Vendor CalCPA
Category
GNP
Level Beginning
Prerequisite None
Adv Prep None
Yellow Book? Yes
Designed for Professionals in government and public accounting who are interested in a basic understanding of governmental accounting and financial reporting and auditing.
Registration
Member $245
CPA Non-Member $375

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Gain a primer on governmental accounting and financial reporting by reviewing auditing and internal controls, as well as governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study on a California city that will emphasize the governmental accounting and financial reporting model.

In addition, review the six new GASB pension standards with a class exercise that takes the actuarial accounting valuation to journal entries, to reconciliations, to financial reporting and to note disclosures.

Materials are provided as an ebook for this course.

Objectives

  • Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report.(CAFR)
  • Recall and review GASB Statement No. 34.
  • Recognize governmental auditing issues, including risk assessment and internal controls.
  • Determine requirements for compliance audits.
  • Determine the differences between governmental and business accounting.

Major Topics

  • Governmental environment: cities, counties, special districts and other agencies
  • Fund accounting
  • Budgeting
  • GASB 34 accounting and financial reporting
  • Measurement focus and basis of accounting
  • Auditing of governments: risk assessment and evaluation of internal controls
  • AICPA Auditing Standards
  • Generally Accepted Accounting Principles for government
  • New GASB pension standards

Note: Login instructions will be provided by the webcast vendor (CalCPA).