Description

This course will provide an overview of the common deficiencies noted in government financial reports.

Target Audience

Auditors who perform financial statements of governments, financial statements preparers and management.

Course Objectives

• Recognize the impacts of rapid changes in GAAP on financial reporting
• Learn from the mistakes of others to improve your government's financial reporting

Subjects

• Transmittal and MD&A
• Restricted Net Position—Fund Financial Statements to Government-Wide Financial Statements
• Classification of Fund Balance under GASB 54
• Special Revenue Funds
• Notes Disclosures
• Component Units
• Fund Balance
• Revenue Stabilization Arrangements
• Internal Service Funds
• Fiduciary Fund Reporting

Prerequisites

Experience with preparing government financial statements under GASB 34.