CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

What’s Different about Public Sector Accounting

Michel Morley

Mike Morley

Friday, May 07, 2021 | 02:00 PM EDT

  • CPA (US)
  • CFE

2 Credits

$20

Subject Area

Accounting (Govt.)

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPD credit (Verifiable) for Canadian CPAs

2 CPE credit for Certified Fraud Examiners (CFEs)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

passive activity loss limitations: working with the complex pal rules & real estate tax issues

(1)

Aug 02, 2021 | 09:00 AM EDT View Details

auditing remotely: using current technologies, techniques and methodologies to ensure proper audits during covid-19 pandemic

(1)

Aug 02, 2021 | 09:30 AM EDT View Details

corporate external financial reporting decisions

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

everything you need to know about partnerships

(2)

Aug 02, 2021 | 10:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Aug 02, 2021 | 10:00 AM EDT View Details

excel accountant: pivot tables for data analysis

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

quickbooks: tricky & complex situations for advance learners

(31)

Aug 02, 2021 | 10:00 AM EDT View Details

12 powerful tax saving strategies for your small business owner clients

(6)

Aug 02, 2021 | 10:00 AM EDT View Details

fraud update - latest

(7)

Aug 02, 2021 | 11:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Aug 02, 2021 | 11:00 AM EDT View Details

best overview on individual tax updates latest (basic)

Aug 02, 2021 | 11:00 AM EDT View Details

cash and kids: momentum on child tax credit

Aug 02, 2021 | 11:00 AM EDT View Details

s corps: crucial insights: why you should pick s over c, traps in s corp qualification, and more

(3)

Aug 02, 2021 | 11:30 AM EDT View Details

merchant account nightmares: the shady world of credit card processing fees

(47)

Aug 02, 2021 | 12:00 PM EDT View Details

fraud/anti-corruption awareness, prevention and detection

(102)

Aug 02, 2021 | 12:00 PM EDT View Details

Course Description

The Public Sector Accounting Board of Canada (PSAB) issued standards and guidance with respect to matters of accounting in the public sector. The PSAB issues standards and guidance to serve the public interest by strengthening accountability in the public sector through developing, recommending, and gaining acceptance of accounting and financial reporting standards of good practice.

“Public Sector” refers to governments, government components, government organizations, and government partnerships. Each of these entities is a “public-sector entity”. 

PSAB standards apply to all public sector entities that issue general purpose financial statements. Such financial statements are designed to meet the common information needs of external users of financial information about a government.

This online CPE webinar provides the information needed to aid understanding and assessments of government financial operations and to promote accountability that extends beyond reporting surpluses and deficits. 

The government financial statements must provide information that describes:

  • Liabilities and financial assets, 
  • It’s nonfinancial assets that are available for use in providing future services, the cost of using its economic resources in the delivery of services, 
  • Information about investing and financing activities and potential assets and liabilities.


Come and find out what’s different about public-sector accounting. 

This online CPE webinar covers following key topics:

  • What is different about financial reporting?
  • Specific financial statement items such as restricted assets and revenues, long-term debt, asset retirement obligations, etc.
  • Special reporting for government not-for-profit organizations.
  • Guidelines for government tangible capital assets.
  • Disclosure requirements.
  • Financial statement presentation.

Learning Objectives

  • To learn techniques and improvements in public-sector financial statement reporting.
  • To understand the differences in accounting rules for pubic-sector entities.
  • To know the important steps in preparing a public-sector financial statement.
  • To develop strategies for dealing with unique public-sector accounting requirements.
  • To understand best practices in public-sector disclosures and presentation.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Fraud Examiner
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm