Basic Concepts Of Governmental Accounting, Financial Reporting And Auditing Webinar

• 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.
• Determine the differences between governmental and business accounting and financial reporting.

Gain a basic understanding on governmental accounting and financial reporting by reviewing auditing and internal controls, as well as governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study on a California city that will emphasize the governmental accounting and financial reporting model.

In addition, review the GASB Pension and OPEB  Standards with class exercises that takes the actuarial accounting valuations to financial reporting and to note disclosures.