Working in a government environment can be very different than working in the commercial world. This course will focus on what government employees need to be successful when working in finance. We’ll start with an update on the changes in GAAP. We’ll cover standards issued by the GASB as well as major projects that will impact governmental entities. We’ll then turn our focus to areas unique to governmental accounting including proper preparation of a Comprehensive Annual Financial Report (CAFR) as well as best practices in preparing governmental cash flow statements. We’ll discuss changes in the Uniform Guidance and how to address changes in the procurement standard including a discussion of what has worked well and perhaps lessons learned. We’ll also discuss common deficiencies noted by auditors, the Office of the State Auditor and the AICPA. We’ll close with a look at the future of finance and the role leaders in finance will play in their organizations as we move from being responsible for reporting to having a seat at the table for decision making.
Who Will Benefit
CPAs in public practice and government audit organizations responsible for planning, supervision and the conduct of governmental engagements and staff auditors; those employed in government and industry who are responsible for compliance with laws and regulations; and for financial managers and members in government and industry who are responsible for financial statement preparation and single audit compliance.