CPAR GOV - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2018 - No. 3 - 01 - Another Step in Improving Government Financial Reporting

Course Overview
It’s a critical time for accountants at, and auditors of, government agencies. In the past quarter, the Governmental Accounting Standards Board has adopted several new standards, while making substantial progress in its revision of the Financial Reporting Model. It is imperative for government accountants and auditors, according to Warren Ruppel, a partner in the firm of Marks Paneth LLP, to stay up-to-date with these latest developments and to alert the readers of their financial statements to the impact of these pending changes.

Learning Objectives:

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

  • Recognize the implications of the new GASB standards on pensions and other postemployment benefits;
  • Identify the two approaches the new GASB standard provides for dealing with borrowed funds;
  • Recognize how to account for majority equity interests under the new GASB standard; and
  • Identify the approach of the new GASB financial reporting model as presented in the preliminary views document.

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 : CPAR1359-FM

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

Format Type : eLearning
Mobile Compatible

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