Capital Assets Accounting
Capital assets are often the largest single element on a government’s statement of net position and represent an area of accounting and financial reporting that is very different for governments than the private sector. This session will focus on key topics such as which costs should be capitalized when capital assets are acquired, constructed, developed or improved, governmental fund accounting for transactions, internal control over capital assets, and other events related to capital assets.
Speakers
Deputy Director, Financial Management Division, Texas Department of Transportation
Partner, Eide Bailly, LLP
Assistant Director for Publications, Chicago Office