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:
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.
CFO/Controller, Concord University
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.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
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.
DK
Presenter was knowledgeable in area of presentation the time allotted was good and the information will be used in our office
JK
I needed GASB update every year. Thanks
FH
My overall experience was great!!
CA
Very precise information, relatable examples. Quality presentation.
ML
Great update on new and pending GASB statements
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