CPAR GOV - Accounting & Financial Reporting  |  Format: Flash

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.

    Catalog Number: CPAR1359-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPAR Government/Not-For-Profit
    Advanced Preparation:
    Work experience in government accounting or auditing, or an introductory course in government auditing
    Course Level: Update
    Field of Study: Accounting - Governmental
    Content Partner: CPAR Government/Not-For-Profit
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Dec 05, 2018 / Jan 15, 2021