Highlights
• Governmental environment: cities, counties, special districts and other agencies
• GASB 34 accounting and financial reporting, including measurement focus, the basis of accounting and f und accounting
• Governmental auditing issues, including risk assessment and internal controls and compliance
• GASB Pension and OPEB Standards
• Update GASB's standards, including GASB No. 87, Leases
• Review GASB's Exposure Draft on Financial Reporting Model Improvements
Objectives
• Determine governmental accounting and financial reporting basics, including a review of an Annual Comprehensive Financial Report (ACFR)
• Recognize different standards for governmental activities and business-type activities
• Identify and review GASB Statement No. 34, Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments