Accounting Changes and Error Corrections
Webinar
August 9, 2024
1 p.m.-2:30 p.m. ET
- Field of Study: Accounting (Governmental)
- Credits: 1.5
- Prerequisite: GFOA Accounting Intensive or Accounting Academy, or equivalent knowledge and experience
Accounting changes and error corrections impact governments regularly. Finance professionals need to be transparent and report the change. However different kinds of changes impact a government's financial statement reporting in different ways. This session will provide an overview of the accounting and reporting requirements for governments when there are changes to or within the reporting entity, changes in accounting principles, changes in estimates, and corrections of errors. Speakers will emphasize the new display requirements and clarify the requirements for prior periods reported in the Required Supplementary Information (RSI) and Supplementary Information (SI). This webinar will build off of participants’ understanding the government financial reporting model.
Who Will Benefit: Professionals seeking to understand required accounting changes and error corrections under GASB 100
- Identify the accounting and financial reporting in accordance with generally accepted accounting principles for accounting changes, such as changes in accounting principles, changes in estimates, and changes to or within the financial reporting entity, and error corrections.
- Develop proficiency in the display presentation for changes to and within the financial reporting entity, including the presentation of a fund moving between major and nonmajor reporting.
- Gain insight into how these changes impact the multi-period reporting of financial information in the Required Supplementary Information (RSI) and Supplementary Information (SI).
- Member Price: $85.00
- Non-member Price: $170.00