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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.

Credits

Category Amount
Govt. Accounting 8.00
Yikes, the time is near. Please call NMSCPA at (505) 246-1699 to register.

Leaders

  • Melisa F. Galasso

    Melisa F. Galasso, CPA, is the founder of Galasso Learning Solutions. She specializes in creating custom training courses that promote genuine learning and drive improved outcomes. Melisa teaches courses in advanced technical accounting and auditing, including not for profit and governmental accounting, as well as courses dealing with essential professional and soft skills. Her goal is to customize each course to deliver exceptional return on investment by leaving each participant with actionable takeaways and clear means to apply what was learned. Melisa monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance. She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA). Melisa serves on the Board of NCACPA’s Charlotte Chapter and is chair of the A&A Committee for the NCACPA. She was recognized as a Super CPA by Virginia Business Magazine in 2007 and received the 2013 Women to Watch - Emerging Leader Award from the NCACPA and AICPA. She is also a graduate of the 2014 class of the AICPA’s Leadership Academy. Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

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