CPAR GOV - Accounting & Financial Reporting  |  Format: Flash

Government Financial Reporting: From the Big 3 to Issuing Debt

Course Overview
Economic conditions and regulatory changes are persuading many state and local governments to issue municipal bonds, rather than continue their direct borrowings. According to Warren Ruppel, a partner in the firm of Marks Paneth LLP, accountants and auditors should pay attention to the rules of the Municipal Securities Rulemaking Board, at the same time that the Governmental Accounting Standards Board is making substantial progress in its revision of the Financial Reporting Model.

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

  • Recognize how accountants and government financial managers relate to the municipal bond market
  • Identify the GASB agenda items beyond the �Big Three� (financial reporting model reexamination, revenue and expense recognition, and note disclosures reexamination)
  • Recognize the difference between exchange and non-exchange transactions and models
  • Identify the major elements of the financial reporting model project

    Catalog Number: CPAR1375-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 accounting.
    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: Mar 25, 2019 / May 06, 2021