Ernest N. Morial Convention Center
Governments across the United States, all with slightly different principles, values, and goals, are able to use a variety of investment instruments depending on their investment policy. Finance officers, along with determining the best use of such investments, must also correctly apply the complex financial reporting standards to ensure compliance with generally accepted accounting principles and promote overall transparency. In this session, speakers will provide a comprehensive overview of investment opportunities that are commonly available to local governments* and evaluate each against the standard investment principles of safety, liquidity, and yield. Speakers will discuss the process for valuing investments for accounting and financial reporting purposes, and the required note disclosures in accordance with generally accepted accounting principles (GAAP).
* Note: Not all investment types may be available to all governments based on state statute or investment policy.
- Identify the common investment instruments utilized by governments
- Understand the purpose and risks associated with each instrument
- Learn the various approaches and techniques to valuing investments for accounting and financial reporting purposes
- Understand the process for determining fair value
- Learn how to prepare the required note disclosures for external financial reporting in accordance with GAAP