Advanced Financial Reporting

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Jan 17 2019 - 8:30am to 4:30pm  EST
Jan 18 2019 - 8:00am to 4:00pm  EST
Region: 
Eastern
Location: 

Orlando, FL (DoubleTree by Hilton)

5780 Major Blvd
Orlando, FL 32819
United States
Instructions: 
At the Entrance to Universal Orlando
Level: 
Advanced
Field of Study: 
Accounting – Governmental
CPE Credits: 
16
Member Price: 
$580.00
Non-Member Price: 
$790.00
Prerequisite: 

Accounting and financial reporting professionals with at least two years of experience, or who have attended the GFOA’s Intermediate Governmental Accounting seminar or an equivalent program.

Speakers: 
Assistant Director for Publications
GFOA
Program Manager
University of Georgia
Who Will Benefit: 

Accounting and financial reporting professionals who have prepared, or wish to be able to prepare, a comprehensive annual financial report (CAFR).

Program Description: 

Participants will examine in detail the format and contents of a CAFR prepared in accordance with both generally accepted accounting principles (GAAP) and the program requirements of the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program

Updated to include GASB Statement No. 84, Fiduciary Activies

Updated to include GASB Statement No. 86, Certain Debt Extinguishement Issues

Updated to include GASB Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements

Note: This program is an expanded form of the GFOA’s one-day seminar on Preparing a CAFR.

Seminar Objectives: 

Those who successfully complete the seminar should be able to:

  • Understand generally accepted accounting principles (GAAP) for state and local government;
  • Identify the three basic sections of a CAFR and the essential components of each;
  • Differentiate basic financial statements, required supplementary information, and other supplementary information within a CAFR;
  • Identify the basic elements of a letter of transmittal;
  • Identify the appropriate elements to include in management’s discussion and analysis;
  • Format each of the basic financial statements;
  • Classify data in each of the basic financial statements;
  • Properly apply commonly misunderstood note disclosure requirements;
  • Prepare required supplementary information;
  • Format combining and individual fund statements; and
  • Prepare required statistical presentations.