FMN Accounting

FMN Plus-2023/May, Seg 5 - Subscription-Based IT Arrangements and Other GASB Agenda Items

In June of 2020 the GASB released Statement No. 96 on Subscription-Based IT arrangements in order to alleviate some of the inconsistencies that existed in practice. Warren Ruppel and Phillip Marciano, Managing Directors with Mayer Hoffman McCann, discuss the major issues relating to the new standard. They also review GASB No. 100 on Accounting Changes and Error Corrections and GASB No. 101 on Compensated Absences.

Learning Objectives:

  • Recognize the implications of GASB's new standard on Subscription-Based IT Arrangements
  •  Describe the steps an organization should take while implementing GASB No. 96
  • Identify the changes brought about by GASB No. 100, Accounting Changes and Error Corrections and GASB No. 101, Compensated Absences
  •  Recognize why it is important for the GASB to exist separate from the FASB


Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speakers / Authors:

Warren Ruppel
Warren Ruppel, CPA, began his career in 1979 with KPMG after graduating from St. John’s University, New York. He served numerous audit clients, including many not-for-profit organizations and governments that received federal financial assistance. In 1989, he joined Deloitte & Touche to specialize in audits of not-for-profit organizations and governments.

Mr. Ruppel has since served as the chief financial officer of a not-for-profit organization subject to the requirements of A-133, as a partner in a small CPA firm, and as an assistant comptroller for accounting for a large municipal government. He has written and conducted numerous training courses and seminars over the course of his career and is widely published in the areas of not-for-profit and governmental accounting and auditing. In addition, he has taught for the New York State Society of CPAs and has been an Adjunct Lecturer of Accountancy at the Bernard M. Baruch College of the City University of New York.

Mr. Ruppel is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs, where he is a member of the Audit Committee and serves on the Not-for-Profit Accounting and Governmental Accounting and Auditing Technical Committees. He is a former president of the New York chapter of the Institute of Management Accountants. He is also a member of the Special Review Committee of the Government Finance Officers Association.

Phil is a Managing Director and a member of the Nonprofit, Government and Healthcare Group located in our Woodbury, New York office, who has been serving clients since 2012. A CPA, Certified Government Financial Manager and a Chartered Global Management Accountant, he is recognized as a national resource for government and nonprofit accounting. Phil regularly leads training sessions for professional staff and has given seminars on behalf of the New York State Government Finance Officers Association, New York State Association of School Business Officials, New Jersey Society of Certified Professional Accountants and the Institute of Internal Auditors (Long Island Chapter). He is a discussion leader and instructor for the AICPA and Surgent Professional Education on subjects including governmental and nonprofit accounting and auditing.

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Price (USD)

Standard: $69.90

Details

Course Code : FMN1498-FM

Release Date : 05/10/2023
Expire Date : 12/14/2024
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Accounting Issues

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