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myCPE

GASB Updates: 2024 1 Credit

Oct 28, 2024, 09:30 AM ET

GASB Updates: 2024 1 Credit

  • Rating

    4.4
  • Published on

    November, 2024
  • Subject Area

    Accounting (Govt.)

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Oct 28, 2024, 09:30 AM ET

Learning Objective

  • Be able to identify which recent GASB pronouncements are now in effect.
  • Discuss the basics of the length of the term with GASB 96.
  • Identify GASB projects that may have an effect on your organization.
  • Recall the major components of leave in GASB 101.
  • Review what GASB is working on so you can prepare now.

Course Overview

Are you involved in government accounting or audit? Are you grappling with the latest Governmental Accounting Standards Board (GASB) updates and their implications? This online CPE Course is tailored for you!

In this CPE course we will delve into recent GASB pronouncements such as GASB 94 and GASB 96, which address public-private partnerships and subscription-based information technology arrangements (SBITAs), respectively. These updates require governments to recognize liabilities and assets associated with these arrangements, impacting financial disclosures and necessitating collaboration with procurement and IT departments. 

This CPE webinar will highlight GASB projects, including GASB 101 on compensated absences and GASB 102 on certain risk disclosures. These new standards will introduce significant changes in how governments account for leave liabilities and disclose risks related to concentrations and constraints. By understanding and preparing for these changes, financial professionals can ensure their organizations remain compliant and well-positioned to handle the complexities of public sector financial reporting.

Join us to stay ahead in understanding the evolving GASB landscape and ensure you're well-prepared to handle the accounting modifications associated with adopting these new standards.

For more Accounting & Auditing Govt. Courses, Click here.

Key topics discussed:

  • GASB themes
  • Recent GASB pronouncements
  • Recent GASB pronouncements that are in effect in future years
  • Deep dive into GASB 101 - Compensated Absences
  • GASB 102 Certain Risk Disclosures
  • GASB projects on the horizon

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting (Govt.) for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP) 1 CPE Eligible
Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Certified Controls Specialist (CCS) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
License details Credits Status
Accounting (Govt.) for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP) 1 CPE Eligible
Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Certified Controls Specialist (CCS) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
License details Credits Status
Accounting (Govt.) for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP) 1 CPE Eligible
Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Certified Controls Specialist (CCS) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
License details Credits Status
Accounting (Govt.) for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP) 1 CPE Eligible
Green Book (Government) for Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Green Book (Government) for Certified Controls Specialist (CCS) 1 CPE Eligible
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

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About Instructor

Shea Boothe
Shea Boothe

CFO/Controller, Concord University

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Shea Boothe holds a CPA license in the State of West Virginia.  He also holds a Professional in Human Resources (PHR) certification.  He holds a Master of Professional Accountancy from West Virginia University and an Executive Certificate in Business Administration from Liberty University.  His undergraduate degree is in Business Administration from Concord University.  

Shea currently is the Controller of a public 4-year university, where he prepares the financial statements and manages budgetary control.  Previously roles include Budget Director, Assistant Controller, and Payroll Manager.  He has also taught courses at the collegiate level.  

He is an active member of the West Virginia Society of CPAs and the treasurer of the Concord University Alumni Association.  Shea is also 10-year volunteer of the IRS’s Volunteer Income Tax Assistance (VITA) program, helping prepare tax returns for underprivileged individuals.  

Shea’s professional interests and expertise include GASB accounting and the intersection of technology and accounting.  He is passionate about sharing knowledge with others and developing efficient and effective processes.  

In his free time, Shea enjoys traveling to multiple beaches along the eastern seaboard.  He also enjoys spending time with his nephews and his pet cat.

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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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