CPAR GOV - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2018 - No. 1 - 01 - Time for a New Approach to Revenue and Expense Recognition

Course Overview
As business entities adopt new rules about the nature, amount, timing and uncertainty of revenue from contracts with customers, the Governmental Accounting Standards Board is developing a comprehensive model for revenue and expense recognition for state and local governments. According to Warren Ruppel, a partner in the firm of Marks Paneth LLP as well as the author of Wiley’s GAAP for Governments, GASB wants to create a stronger accounting framework to address various types of transactions, including some for which there is currently no guidance.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the major elements of the GASB revenue and expense recognition project;
  • Recognize the issues involved in implementing the GASB lease accounting standard;
  • Identify the key provisions of the Tax Cuts and Jobs Act that impact state and local governments; and
  • Recognize the implications of GASB’s project on accounting and financial reporting for capitalization of interest costs.

Prerequisites/Advanced Preparation:

Work experience in government accounting or auditing, or an introductory course in government auditing

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : CPAR1327-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting - Governmental

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