Master GASB 34. Receive an update of GASB-related pronouncements, exposure drafts, and future agenda items. The impact of GASB Statement No. 34, Basic Financial Statements-and Management’s Discussion and Analysis-for State and Local Governments continues to reverberate in California. Review concepts from a California City’s Comprehensive Annual Financial Report, including basic financial statement formats, reconciliation of government-wide financial statements to the fund’s financial statements, note disclosures and infrastructure capital assets. Study the new GASB Pension and OPEB Standards in exercises using actuarial accounting valuations and the resulting note disclosures.
GASB 63 and 65, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position and Items Previously Reported as Assets and Liabilities. COSO for Smaller Entities and Governments. GASB 34. Survey of California Cities and Counties. (16th Annual). New GASB Standards up to GASB 95 with emphasis to GASB 84, Fiduciary Activities, and GASB 87, Leases. Review the latest white paper from the California Committee of Municipal Accounting (CCMA) on GASB 84, Fiduciary Activities.
An understanding of governmental accounting and financial reporting.
CPAs, governmental accountants and financial professionals.
Identify basic GASB financial statements. Determine key technical elements, as well as analytical and statistical metrics. Recognize accounting, financial reporting and disclosure issues. Identify GASB pronouncements, exposure drafts and future agenda items. Determine internal controls for government and audit risk assessments using a risk-based audit approach with the COSO framework. Identify and review the new Pension and OPEB Standards including GASB Statement Nos. 68 and No. 75. Identify the components of a City’s Comprehensive Annual Financial Report.
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