CPAR Accounting & Financial Reporting

CPAR - 2021/August, Seg 5 - Accounting Changes and Error Corrections: New Guidance

The GASB has issued a number of new Exposure Drafts in 2021. They cover topics such as changes to the methods of accounting for accounting principles, changes in accounting estimates and error corrections. They also deal with accounting for compensated absences and an important name change from Comprehensive Annual Financial Report to the Annual Comprehensive Financial Report. Marks Paneth Partner Warren Ruppel, CPA, explains the proposed changes as well the implication of the proposed rules on government accountants and auditors.

Learning Objectives:

  • Recognize the new rules for accounting changes and error corrections introduced in the GASB's new Exposure Draft;
  • Describe the disclosures proposed in the GASB’s Exposure Draft "Accounting Changes and Error Corrections";
  • Recognize why GASB is proposing to change the Comprehensive Annual Financial Report to the Annual Comprehensive Financial Report; and
  • Describe the new model being proposed by GASB for accounting for compensated absences.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

Warren Ruppel
Warren Ruppel, CPA, began his career in 1979 with KPMG after graduating from St. John’s University, New York. He served numerous audit clients, including many not-for-profit organizations and governments that received federal financial assistance. In 1989, he joined Deloitte & Touche to specialize in audits of not-for-profit organizations and governments.

Mr. Ruppel has since served as the chief financial officer of a not-for-profit organization subject to the requirements of A-133, as a partner in a small CPA firm, and as an assistant comptroller for accounting for a large municipal government. He has written and conducted numerous training courses and seminars over the course of his career and is widely published in the areas of not-for-profit and governmental accounting and auditing. In addition, he has taught for the New York State Society of CPAs and has been an Adjunct Lecturer of Accountancy at the Bernard M. Baruch College of the City University of New York.

Mr. Ruppel is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs, where he is a member of the Audit Committee and serves on the Not-for-Profit Accounting and Governmental Accounting and Auditing Technical Committees. He is a former president of the New York chapter of the Institute of Management Accountants. He is also a member of the Special Review Committee of the Government Finance Officers Association.


Price (USD)

Standard: $69.90


Course Code : CPAR1528-FM

Release Date : 08/24/2021
Expire Date : 10/13/2022
Credits :
CPE 2.00
QAS 2.00

Course Level : Update
Length : 1hr 40min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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