FMN Accounting

FMN Plus-2024/May, Seg 2 - GASB Outlook 2024: Navigating GASB 100, 101, & 102

The Government Accounting Standards Board, GASB, issued three important pronouncements recently - to be implemented by state and local governments prior to 2025: GASB Statement 100: Accounting Changes & Error Corrections; GASB 101: Compensated Absences; and GASB 102: Certain Risk Disclosures. Phil Marciano, of Mayer Hoffman McCann P.C. and CBIZ, guides us through considerations in applying these standards, how certain circumstances will affect financials & reporting, and new disclosure requirements.

Learning Objectives:

 

  • Indicate how to address changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity in accordance with GASB 100
  • Recognize guidance on reporting required supplementary information (RSI) and supplementary information (SI) in the financial statements
  • Identify how GASB 101 establishes the financial reporting and accounting for compensated absences
  • Recognize how GASB 102 codifies the requirements for reporting risks related to concentrations or constraints within a government


Prerequisites/Advanced Preparation:

None

Speakers / Authors:

Martin Coe, CMA, CPA, CISA, CISM, CGFM, CVA, is an associate professor of accountancy at Western Illinois University in Moline, Ill. You can reach him at (309) 762-9481, ext. 304, or mj-coe@wiu.edu.

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.

Buy

Price (USD)

Standard: $69.90

Details

Course Code : FMN1563-FM

Release Date : 05/10/2024
Expire Date : 12/13/2025
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 - Governmental

Theme : Financial Accounting Best Practices

Included In

Returning Subscribers

Login Login