Review governmental accounting and financial reporting, including auditing, internal controls, and governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study of a California city that will emphasize the governmental accounting and financial reporting model. Also, review the new GASB Pension and OPEB Standards with class exercises that take the actuarial accounting valuations to financial reporting and to note disclosures.
Governmental environment: cities, counties, special districts and other agencies. Fund accounting. Budgeting. GASB 34 accounting and financial reporting. Measurement focus and basis of accounting. Auditing of governments: risk assessment and evaluation of internal controls. AICPA Auditing Standards. Generally Accepted Accounting Principles for government. GASB Pension and OPEB Standards including the “Implicit Rate Subsidy”. Update GASB’s Exposure Draft on Financial Reporting Model Improvements.
Professionals in Government and Public Accounting.
Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report (CAFR). Recall and review GASB Statement No. 34, _Basic Financial Statements-and Management ’s Discussion and Analysis-for State and Local Governments. Recognize governmental auditing issues, including risk assessment and internal controls and the Financial Reporting Entity. Determine requirements for compliance audits. Review separate standards between governmental and business accounting and financial reporting.
Gary Caporicci is a Senior Partner and co-founder of Caporicci & Larson, CPAs, with offices in Irvine, Oakland, Sacramento and San Diego, California. Mr. Caporicci has over 30 years of audit and management experience and is responsible for the Firm’s Audit and Accounting practice.
Gary has extensive experience and knowledge in auditing and consulting for many government agencies and has authored many audit and accounting courses. He has been a frequent speaker and lecturer at many professional organizations and governmental seminars and conferences including the California CPA Education Foundation, Government Finance Officers Association, Texas Society of CPA’s, Institute of Internal Auditors, major CPA firms and several universities.
Mr. Caporicci is chair of the Governmental Accounting and Auditing Committee of the California Society of CPAs; National Reviewer for the Government Finance Officers Association; California and Texas Societies of CPA’s, Institute of Internal Auditors and Association of Government Accountants. Gary also chairs the Governmental Accounting and Auditing Conference sponsored by the California society of CPA’s.
He is a Core Adjunct Professor at National University teaching government accounting, auditing and other upper division and graduate courses. In 2006 Mr. Caporicci was awarded Instructor of the Year for California CPA Education Foundation.
Non-Member Price $389.00
Member Price $289.00