CPAR GOV - Accounting & Financial Reporting  |  Format: Flash

Current Agenda: From Going Concern to Lease Accounting

Course Overview
Besides its reexamination of the financial reporting model, the Governmental Accounting Standards Board has added numerous other projects to its agenda. According to Warren Ruppel, a partner in the firm of Marks Paneth LLP, accountants and auditors should pay attention to the GASB initiative involving going concern in light of the issuance of SAS 126. In addition to noting the status of other agenda projects, he also details the steps you should be taking to successfully implement the rules on lease accounting.

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

  • Recognize what is on GASB�s agenda in addition to the �Big Three�;
  • Identify the characteristics of a conduit obligation;
  • Recognize the issues relating to GASB�s reexamination of Statement 16; and
  • Identify the issues GASB is looking at related to going concern.

    Catalog Number: CPAR1391-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
     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: May 29, 2019 / Jul 17, 2021