Preparing Mistake Free Financial Statements: Government 2024

Overview

This course will provide an overview of the common deficiencies noted in government financial reports.

Highlights

• Transmittal and MD&A
• Restricted Net Position-Fund Financial Statements to Government-Wide Financial Statements
• Classification of Fund Balance under GASB 54
• Special Revenue Funds
• Notes Disclosures
• Component Units
• Fund Balance
• Revenue Stabilization Arrangements
• Internal Service Funds
• Fiduciary Fund Reporting

Prerequisites

Experience with preparing government financial statements under GASB 34.

Designed For

Auditors who perform financial statements of governments, financial statements preparers and management.

Objectives

• Recognize the impacts of rapid changes in GAAP on financial reporting
• Learn from the mistakes of others to improve your government's financial reporting

Preparation

None