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