Description

In today’s fast-paced environment, keeping up with the latest accounting and auditing requirements for governments and nonprofits can be challenging, but this course makes it easier! Designed to save you time and effort, this comprehensive update provides clear explanations of the most important developments affecting governments and nonprofits. Using a highly illustrative and innovative format, the course features over 25 focused exercises to strengthen your working knowledge and ensure you leave prepared to apply the latest accounting and auditing standards with confidence.

Instructor: Charlie Blanton, CPA

Target Audience

Auditors and industry professionals working in the government and nonprofit environment

Course Objectives

Keep up with the latest developments at the GAO, OMB, AICPA, GASB, and FASB

Ensure that your accounting and auditing skills stay up-to-date with current requirements

Be prepared for major changes on the horizon

Subjects

Developing issues related to the Yellow Book and single audits

Key AICPA developments affecting audits of governments and nonprofits

The implementation of GASB No. 103 on financial reporting model improvements 

GASB No. 104 addressing disclosure of certain capital assets

Impacts of recently applied governmental standards, recently issued implementation guide questions, and additional GASB projects (e.g., subsequent events)

The essential disclosure requirements specific to not-for-profit organizations and strategies for enhancing clarity and value 

The advantages, challenges, and best practices for effectively presenting a measure of operations

Prerequisites

Knowledge of government and nonprofit accounting and auditing