GASB: Certain Financial Statement Note Disclosures

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GASB: Certain Financial Statement Note Disclosures

Reviewed

February, 2024

Michel Morley

Learning Objectives

To discuss the latest information regarding certain financial statement note disclosures.
To review the overall guidance on certain financial statement note disclosures.
To know how to apply presentation rules and exceptions.
To review the recognition, measurement, and presentation constraints.
To look at disclosure and presentation requirements.
To write the appropriate Notes.
To know the unique disclosure and presentation requirements of certain financial statement note disclosures.
To review liquidity.
To discuss required note disclosures.

Course Description

This CPE webinar describes the standards of the Governmental Accounting Standards Board (GASB) for Accounting and Financial Reporting for Certain Financial Statement Note Disclosures.

Note disclosures represent a fundamental component of the information that financial statement users rely on to make decisions related to a government’s financial health, as well as to assess whether governments have been fiscally and operationally accountable.

This standard for certain financial statement disclosures modifies, establishes, and rescinds certain financial statement disclosure requirements. This webinar is a resource that will help accounting professionals responsible for certain financial statement note disclosures.

Key topics covered in this CPE Accounting (Govt.) webinar are:

Basic concepts, scope, and applicability of certain financial statement note disclosures.
Planning the approach: certain financial statement note disclosures.
Sizing up the impacts of certain financial statement note disclosures: questions you need to ask.
Specific rules and unique provisions for certain financial statement note disclosures.
Disclosure and presentation requirements.
Notes to financial statements.

Overview

Additional note disclosures

5 mins
Debt and lease obligations

13 mins
Definition of notes to the financial statements

24 mins
Objectives of financial reporting

38 mins
Disaggregation of receivable and payable balances

56 mins
Long-term liabilities

72 mins

Webinar Qualifies For

2 CPE Credit of Accounting (Govt.) for Certified Public Accountants (CPA-US)
2 General Credit of Accounting (Govt.) for Accountant/Bookkeeper/Tax Professionals
2 CPE Credit of Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA)
2 CPE Credit of Accounting & Auditing (Govt.) for Certification in Risk Management Assurance (CRMA)
2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM)
2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP)
2 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
2 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA)
2 CPE Credit of Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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 through its website: www.NASBARegistry.org.

Ratings and Review

4

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Monica Taylor, CPA (US)

without knowing which GASB standard was being presented, I cannot related whether this course was affective in being presented. Again, this presenter does not have good slides that coincide with the major aspects of the topic presented. There is a fair amount of repetition in this course, which would be helpful if it was expanding on the point, but I found it to just be repetative.