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GASB Update: So Much for 2020 Vision, huh?

Course Category Finance

August 31, 2021

9:00 a.m.

Change

Virtual

This virtual course will be delivered regionally via Zoom.

Registration is open to insular government professionals.

Course Description

Wow, what a year. Even before the COVID-19 pandemic, GASB’s standard-setting activity had actually slowed to a more manageable level in 2020 after several very busy years. However, that slower pace is set to pick up again with the implementation of many of the standards whose effective dates were initially postponed by GASB 95. In this session, we will talk about fiduciary activity accounting and the new financial reporting requirements related to leases, along with several other pending GASB statements. In addition, several newer projects are closer to completion, with newer standards immanent. We will also address the “big 3” project, which includes a proposed new financial reporting model. Whoop! Whoop! Who’s ready for the GASB Update!?!

What You Will Learn

Review fiduciary activity accounting and new lease financial reporting requirements
Describe other new and upcoming GASB standards
Describe a new financial reporting model, the "Big 3" project

Who Should Attend

APIPA conference sessions are intended for island government accountability professionals. Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.

Tuition Fees

With funding support from the United States Department of the Interior, Office of Insular Affairs, courses are available free of charge for government accountability professionals within the insular areas. The course fee is waived and there is no cost to register and attend, Professionals who do not meet the above criteria, please contact [email protected].

NEXT SESSION

DAYS

HOURS

MINS

SECONDS

August 31, 2021

9:00 a.m. to 2:00 p.m.

Change

CPEs - 4 Credit Hours

Virtual Delivery

This course has been delivered

Instructor

Christopher Pembrook

Oklahoma City, OK

Chris Pembrook, MBA, CGAP, CPA, CRFAC is a Shareholder at Crawford & Associates, P.C., in Oklahoma City. Prior to joining the firm, he served as the Chief Financial Officer of the Oklahoma Police Pension & Retirement System and the Deputy Director of the Local Government & Special Services Division of the Oklahoma State Auditor & Inspector’s Office. He is currently serving as a committee member of the AICPA State and Local Government Expert Panel and the Oklahoma Society of CPA's Government Accounting & Auditing Committee. He also was selected to serve on the joint COSO-ACFE Task Force for the development of the group’s Fraud Risk Management Guide.

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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.