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Intermediate Acccounting

Course Category Accounting

September 08, 2025

1:00 p.m.

Change

On-Site

This course will be delivered on-site in CNMI.

Registration is open to insular government professionals.

Course Description

The Intermediate Accounting session will provide participants with an in-depth view into the world of governmental accounting. Topics to be addressed include deep dives into the financial reporting entity; accounting and financial reporting for cash and investments, including more complicated financial instruments; accounting and financial reporting for capital assets, including how to determine what to capitalize and how to determine useful lives, and the ins and outs of lease accounting; accounting and financial reporting for pensions and retiree healthcare benefits, and social security; accounting and financial reporting for debt, including amortization of premiums and discounts and refundings and extinguishments; accounting and financial reporting for other long-term liabilities; and fund balance and net position classification issues.

What You Will Learn

How to determine what organizations belong in the financial reporting entity and how those entities should be reported
Considerations in determining what assets should be capitalized and factors to consider in establishing the useful lives of capital assets
How lease standards should be applied from both a lessor and lessee perspective
What information is needed by the actuary to determine how to apply the pension and other postemployment benefit standards (OPEB) and how those standards should be applied in the reporting of pension and OPEB liabilities
What standards can be considered in reporting social security programs
Where debt should be reported in the financial statements and how to account for transactions associated with the issuance of debt
How to identify and report financial guarantees; post-closure costs, including landfills; and pollution remediation costs
What information is needed to determine the net investment in capital assets and other fund balance and net position accounts

Who Should Attend

This session is intended for those that have attended the Understanding Governmental Accounting and Understanding the Financial Statements course in the past, those that have a basic understanding of governmental accounting, and those that have an interest in learning more about the accounting and financial reporting of key transactions and other events found in governmental accounting.

NEXT SESSION

DAYS

HOURS

MINS

SECONDS

Course Dates and Times

Day 1
-
September 08, 2025 1:00 p.m. to 5:00 p.m.
Day 2
-
September 09, 2025 8:00 a.m. to 5:00 p.m.

CPEs - 12 Credit Hours

On-Site, CNMI

TBD, CNMI

Panelists

David Bean

Springfield, IL

David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities. Prior to his retirement from the Governmental Accounting Standards Board (GASB) in 2021, David served as the GASB director of research and technical activities over 30 years.

Frank Crawford

Oklahoma City, OK

Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK. He is currently the Chairman in the Oklahoma Society of CPAs Government Accounting and Auditing Committee (19 years) and has also been involved in a number of other AICPA committees and task forces. Frank was also recognized as a recipient of the Graduate School's "2010 Instructor Excellence Award".

Photo Gallery

Photos from recent activities hosted by the Pacific and Virgin Islands Training Initiatives (PITI-VITI) in support of conferences, training and leadership development, are available below.