Accounting or auditing professionals responsible for preparing or auditing the financial statements of a state or local government.
The Governmental Accounting Standards Board (GASB) has issued a number of standards that apply directly or indirectly to accounting and financial reporting for investments. This seminar examines the practical application of this guidance and related note disclosure. Topics examined include: timing of recognition of purchases and sales, valuation, purchased interest, pooled cash and investments, repurchase agreements, reverse repurchase agreements, securities lending arrangements, and derivatives.
To provide participants with a comprehensive understanding of how to display and disclose investments in state and local government financial statements.