myCPE

GASB Updates: Reflecting on 2023, Anticipating 2024 1 Credit

May 21, 2024, 02:30 PM ET

GASB Updates: Reflecting on 2023, Anticipating 2024 1 Credit

  • Rating

    4.5

  • Published on

    December, 1969

  • Subject Area

    Accounting (Govt.)

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
May 21, 2024, 02:30 PM ET

Learning Objective

  • To identify which recent GASB pronouncements are now in effect.
  • To analyze the basics of the length of the term with GASB 96.
  • To identify GASB projects that may affect your organization.
  • To recall the major components of leave in GASB 101.
  • To explain 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 webinar is tailored for you!

In this comprehensive course, we'll delve into the realm of new and upcoming GASB standards. The discussion begins with a deep dive into GASB 96—Subscription-Based Information Technology Arrangements (SBITAs), now in effect for most governmental entities. We'll unravel the complexities of determining contract durations under GASB 96, offering valuable tips for seamless implementation.

We'll touch briefly on GASB 94—Public Private Partnerships, exploring governmental collaborations with private entities that involve transferring control or operations. Moving forward, we'll explore GASB statements on the horizon, including GASB 100—addressing error corrections and accounting changes.

Prepare for a significant shift with GASB 101—compensated absences, which widens the recognition of leave liabilities compared to its predecessor, GASB 16. Anticipate this change's substantial impact on government accounting.

This CPE Accounting (Govt.) Webinar culminates with an extensive exploration of the GASB research agenda and ongoing projects. Dive deep into the financial reporting model, revenue and expense recognition, infrastructure assets, subsequent events, and more. Emphasis will be placed on the reporting model, nonfinancial assets, and risk and uncertainties, considering GASB's publication of an exposure draft.

Major Topics Covered: 

  • Overview of recent GASB pronouncements and their impact.
  • Understanding GASB 96 on subscription-based IT arrangements.
  • Analysis of GASB projects affecting organizations.
  • GASB 101 - Components of leave and Compensated Absences, and insights on GASB 94 - Public-Private Partnerships.
  • Preparation and navigation of upcoming GASB developments and updates.
  • Exploring GASB's Ongoing Research and Projects

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

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
Auditing 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
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 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
Auditing 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
Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 1 CPE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

About Instructor

Shea Boothe

Shea Boothe

CFO/Controller, Concord University

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  • rating
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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.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

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.

Reviews and Ratings

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DK

David Kreed, CPA (US)

5

Presenter was knowledgeable in area of presentation the time allotted was good and the information will be used in our office

JK

Jacqueline Kong, CPA (US)

5

I needed GASB update every year. Thanks

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