What’s Different about Public Sector Accounting

Michel Morley

Mike Morley

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

  • CPA
  • CFE

2 Credits


Subject Area

Accounting (Govt.)

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPD credit (Verifiable) for Canadian CPAs

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

understand salt compliance, economic nexus, wayfair case in the new era of e-commerce


Mar 18, 2021 | 03:00 PM EDT View Details

accounting policies, changes in accounting estimates and errors


Apr 21, 2021 | 10:30 AM EDT View Details

introduction to excel pivottables


Apr 21, 2021 | 01:00 PM EDT View Details

critical impact of the secure & cares acts on your clients retirement and estate plans (latest 2021)

Apr 23, 2021 | 02:00 PM EDT View Details

crucial insights & tax strategies on s corporation


Apr 27, 2021 | 10:00 AM EDT View Details

top 10 things all cpas need to know about irs representation


Apr 27, 2021 | 01:30 PM EDT View Details

form 1040nr nonresident alien filing challenges and effective approaches


Apr 30, 2021 | 01:30 PM EDT View Details

comprehensive guide to identity theft with case studies


May 13, 2021 | 10:00 AM EDT View Details

complete cfo guide on analytics,corporate performance management,budgeting,reporting

May 13, 2021 | 10:00 AM EDT View Details

regulatory deferral accounts (ifrs 14)

May 13, 2021 | 01:00 PM EDT View Details

accounting for liabilities – estimation and valuation


May 13, 2021 | 01:30 PM EDT View Details

noteworthy salt developments: from wayfair and beyond, revolutionary changes to state tax landscape


May 13, 2021 | 02:30 PM EDT View Details

qualified business income deduction (qbi/section 199a)


May 13, 2021 | 02:30 PM EDT View Details

capital gains and other proposed tax changes in the infrastructure bills

May 13, 2021 | 03:00 PM EDT View Details

restaurant revitalization fund and all you need to know


May 13, 2021 | 03:30 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