GASB 34: Financial Reporting Requirements for State and Local Governments


This event qualifies for 1.8 CPEs


Gain new insights with a comprehensive overview of government financial reporting from beginning to end.

Recent financial difficulties of state and local government finances, highlighted by some noteworthy bankruptcy filings, have prompted increased attention on governmental financial statements. The financial statements of these governments and governmental entities can be very confusing, even for the experienced accountant. This topic will explain the overall financial reporting model used by governments under GASB 34 and help you understand the types of information that can be gleaned from the financial statements and what that information means. The topic will also discuss some very important accounting areas (such as pensions) and how those accounting areas are reflected in governmental financial statements.

Learning Objectives

- You will be able to review new accounting rules on the horizon.

- You will be able to discuss the differences between GAAP financial statements and a CAFR.

- You will be able to explain basic components of GAAP financial statements.

- You will be able to review new accounting rules on the horizon.

Speaker and Presenter Information

Warren Ruppel, CPA
Marks Paneth LLP

  • Partner in the nonprofit and government services group at Marks Paneth LLP, a mid-sized accounting firm based in New York, with responsibility for its government auditing practice
  • Formerly the assistant comptroller of accounting for the city of New York, with overall responsibility for the city’s accounting and financial reporting, including its implementation of GASB 34
  • Earlier in his career with KPMG and Deloitte & Touche, serving numerous government audit clients
  • Writer of several books, including Wiley’s GAAP for Governments and Government Accounting Made Easy
  • Member of the Accounting and Auditing Committee of the New York State Government Finance Officers Association
  • Member of the AICPA’s Technical Issues Committee’s subgroup for governmental accounting matters
  • Member of the Special Review Committee of the national Government Finance Officers Association
  • Appears quarterly as the government specialist on the CPA Report distributed by SmartPros

Relevant Government Agencies

State & Local Government


Event Type
Webcast


This event has no exhibitor/sponsor opportunities


When
Wed, Jun 14, 2017, 1:00pm - 2:30pm ET


Cost

Live Webinar:  $99.00
GovEvents Member Price: $79.00
Live Webinar + Recording:  $158.00
GovEvents Member Price: $134.00


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Website
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Organizer
Lorman Education Services


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