CPAR GOV - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2019 - No. 4 - 01 - The Fall of LIBOR and Its Impact on Statements Nos. 53 and 87

Course Overview
The GASB recently proposed new accounting and financial reporting guidance to assist state and local governments replacing the existing interbank offered rates (IBORs) with other reference rates. The fall of the London InterBank Offered Rate prompted governments to amend or replace financial instruments tied to LIBOR. Warren Ruppel, a partner with Marks Paneth LLP, explains the objectives of the exposure draft and why the GASB decided on new guidance amidst the fall of LIBOR.

Learning Objectives:

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

  • Identify what LIBOR stands for, how it is calculated and how it is used by banks and interbank brokers,
  • Determine rate considerations that must be given when entering a new loan or lease agreement,
  • Identify the GASB considerations on Topic 606 and the purpose of developing a comprehensive model,
  • Determine the elements included in Concept Statement 4.

Content Partner:

CPAR Government/Not-For-Profit

Prerequisites/Advanced Preparation:

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

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 : CPAR1431-FM

Release Date : 02/27/2020
Expire Date : 02/14/2022
Credits :
CPE 2.00
QAS 2.00

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

Returning Subscribers

- OR -