Past Training

Finance Course

Virtual

All Marshall Islands participants welcome to sign up.

Marshall Islands

Marshall Islands

Several new GASB accounting standards have recently became effective that alter the historical landscape of how lease accounting has always been performed (GASBs 87 and 96).  In addition, a new GASB accounting standard has also been issued related to the accounting and financial reporting of public-private and public-public partnerships (GASB 94).  

Accounting Course

In-Person

All US Virgin Islands participants welcome to sign up.

US Virgin Islands

US Virgin Islands

Several new GASB accounting standards have recently became effective that alter the historical landscape of how lease accounting has always been performed (GASBs 87 and 96).  In addition, a new GASB accounting standard has also been issued related to the accounting and financial reporting of public-private and public-public partnerships (GASB 94).  GASB 87 not only does away with the methodology of previous accounting for leases, but also introduces new concepts for what a lease is, and even more importantly what is not a lease, and also provides new guidance on how to determine the true “term” of a lease for accounting and financial reporting purposes.

Accounting Course

In-Person

All Marshall Islands participants welcome to sign up.

Marshall Islands

Marshall Islands

This 3-day course introduces the internal control system and the role that each person plays in that system. A refresher in the internal control framework is provided along with a review of common high-risk areas and the controls used to address those areas.

Finance Course

In-Person

All Other participants welcome to sign up.

Other

Other

The Island Government Finance Officers' Association summer meeting took place in Portland, OR, from May 27, 2023, to June 1, 2023.  The goals of the meeting were to review the current status of single audits for insular governments from FY20 to FY22, including anticipated delays and ongoing strategies to catch up and issue timely audits; discuss challenges that have arisen during the audit process and identify potential solutions to improve future audits; review insular government finance office performance measures and discuss potential modifications and reporting; discuss key issues presented at the GFOA Conference and their applicability to the U.S. affiliated insular governments; connect with GFOA's Federal Liaison Center to discuss current issues around ARPA, IRA, and IIJA; review changes to regulations and/or funding sources which may impact insular government financial operations; review forthcoming GASB standards and plan for their timely implementation; and identify key takeaways from the week for each insular government and develop follow-up activities to ensure that the insights gained from the meeting are effectively applied in each government.