Overview:
This course will provide an overview of the common deficiencies noted in government financial reports.
Objectives:
• Recognize the impacts of rapid changes in GAAP on financial reporting • Learn from the mistakes of others to improve your government's financial reporting
Major Topics:
• Transmittal and MD&A • Restricted Net Position-Fund Financial Statements to Government-Wide Financial Statements • Classification of Fund Balance under GASB 54 • Special Revenue Funds • Notes Disclosures • Component Units • Fund Balance • Revenue Stabilization Arrangements • Internal Service Funds • Fiduciary Fund Reporting
Major Topics:
• Transmittal and MD&A • Restricted Net Position-Fund Financial Statements to Government-Wide Financial Statements • Classification of Fund Balance under GASB 54 • Special Revenue Funds • Notes Disclosures • Component Units • Fund Balance • Revenue Stabilization Arrangements • Internal Service Funds • Fiduciary Fund Reporting
Designed For:
Auditors who perform financial statements of governments, financial statements preparers and management.
Prerequisites:
Experience with preparing government financial statements under GASB 34.