GASB: Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements

Learning Objectives

• To discuss the latest information regarding Deposits with Financial Institutions, Investments, and Reverse repurchase agreements.
• To review the overall guidance on Deposits with Financial Institutions, Investments, and Reverse repurchase agreements. 
• 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 Deposits with Financial Institutions, Investments, and Reverse repurchase agreements. 
• To review liquidity and discuss repurchase and reverse repurchase agreements.
• To discuss required note disclosures.

Course Description

This CPE webinar describes the concepts underlying disclosures by governmental entities about deposits with financial institutions, investments, and reverse repurchase agreements. It also provides accounting and financial reporting guidance for repurchasing and reverses repurchase agreements.

This standard for accounting and financial reporting for repurchase and reverse repurchase agreements were added to the Governmental Accounting Standards Board's (GASB) agenda because the use of those agreements entails risks that have resulted in significant financial losses for some governmental entities.

This CPE Course is a resource that will help accounting professionals responsible for the accounting for deposits with financial institutions, investments (including repurchase agreements), and reverse repurchase agreements.

The types of risks inherent in repurchase agreements are also inherent in deposits with financial institutions and investments other than repurchase agreements. Deposits and investments often represent the largest assets on governmental balance sheets.

Key topic covered in this course:

• Basic concepts, scope, and applicability of Deposits with Financial Institutions, Investments, and Reverse repurchase agreements. 
• Planning the approach: Deposits with Financial Institutions, Investments, and Reverse repurchase agreements, policies, and decision criteria.
• Sizing up the impacts of the Deposits with Financial Institutions, Investments, and Reverse repurchase agreements.: questions you need to ask.
• Specific rules and unique provisions for Deposits with Financial Institutions, Investments, and Reverse repurchase agreements. 
• Recognition criteria.
• Disclosure and presentation requirements.
• Notes to financial statements.

Join this CPE Accounting (Govt.) webinar; it outlines an easy-to-understand step-by-step procedure for disclosure standards for deposits with financial institutions, investments, and reverse repurchase agreements.

Overview

• Reverse repurchase agreements

  8 mins
• Deposit placement

  17 mins
• Deposit and investment risks and safeguards

  28 mins
• Holding collateral

  43 mins
• Investments by mutual funds

  58 mins
• An overview of items that are not subject to any governmental regulation or oversight

  73 mins
• Reporting guidance for repurchase and reverse repurchase agreements

  84 mins