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A NASACT Training Webinar
Wednesday, July 18, 2012
2:00 - 3:50 Eastern Time
A Training Webinar
NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management.
As fiscal year-end for most state governments quickly approaches and a new year begins, it’s an opportune time for financial statement preparers and auditors to get a refresher on standards that will be effective for June 30, 2012, financial statements as well as recently released GASB statements that will require attention in fiscal year 2013.
This webinar will provide “must know” guidance from GASB statements issued in the past year, including:
- Statement 65 - Items Previously Reported as Assets and Liabilities
- Statement 66 - Technical Corrections - 2012 - an amendment of GASB Statements No. 10 and No. 62
- Statement 67 - Financial Reporting for Pension Plans
- Statement 68 - Accounting and Financial Reporting for Pensions
Also included will be coverage on previously-issued GASB statements that are effective for June 30, 2012 and 2013. For 2012, these statements include:
- Statement 57, paragraph 8 - Agent OPEB Plans
- Statement 59 - Financial Instruments Omnibus
- Statement 64 - Derivative Instruments: Application of Hedge Accounting Termination Provisions-an amendment of GASB Statement No. 53
Statements effective for 2013 are:
- Statement 60 - Service Concession Arrangements
- Statement 61 - Financial Reporting Entity
- Statement 62 - Codification of AICPA and FASB Pronouncements
- Statement 63 - Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position
GASB will also highlight other important current projects including Economic Condition Reporting: Financial Projections.
Join GASB chair Robert Attmore, GASB director of research David Bean, and other GASB staff for this informative two-hour training session. You will also be given an opportunity to ask questions and share experiences during the last 25 minutes of the audio conference.
| Date: |
Wednesday, July 18, 2012 |
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| Time: |
2:00 - 3:50 p.m. ET |
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| Speakers: |
Robert H. Attmore, Chair, GASB; David R. Bean, Director of Research, GASB; and other GASB staff. |
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| CPE: |
Two credits |
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| Cost: |
$249.00 per group (unlimited attendance); $50 per person; |
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Agenda: |
2:00 - 2:05 |
Welcoming Remarks - Kinney Poynter, Executive Director, National Association of State Auditors, Comptrollers and Treasurers |
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2:05 - 3:20 |
GASB Review 2012
Robert H. Attmore, Chair,
Governmental Accounting Standards Board
David R. Bean, Director of Research, Governmental Accounting Standards Board |
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3:20 - 3:45 |
Live Q&A - moderated by Kinney Poynter |
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3:45 - 3:50 |
Wrap-up - Kinney Poynter |
| Register: |
Register HERE |
Instructions and Materials: |
An email will be sent Monday, July 16, by 4:30 p.m. ET to all who have registered for this conference with the instructions on how to join the webinar and a link to the materials. Please note the instructional email will be sent only to the email address attached to the registration. |
Learning Objectives: |
At the conclusion of this webinar, participants will be able to:
- Identify the major revisions of recently issued GASB pronouncements as well as those effective in FY 2012
- Understand how the new requirements differ from the previous standards
- Apply the new principles in preparation and audits of FY 2012 financial statements
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Delivery Method: |
Group-Live (for group settings) or Group-Internet Based (for individuals) |
Level of Knowledge: |
Overview |
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Experience Prerequisite: |
All government officials and employees are encouraged to attend. No prerequisites are required. No advance preparation is necessary. |
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The National Association of State Auditors, Comptrollers and Treasurers 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.learningmarket.org. |
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