Governmental Accounting and Auditing Update: Year-End Planning
Date: Friday, November 7, 2025
Instructor: Eric S. Berman
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Year-end 2025 includes some major changes for states and local governments. GASB Statement Nos. 87, 91, 92, 93 and parts of GASB-99 may have an impact on your annual financial report. Hear about the latest changes to help you plan for this year’s annual audit.
Who Should Attend
Preparers of state and local government annual financial reports.
Topics Covered
- One last look at GASB-87, Leases
- The next big thing — GASB-91, Conduit Debt Obligations?
- GASB Statement Nos. 92 and 99, Omnibus
- GASB Statement No. 93, Replacement of Interbank Offered Rates
- Quick Overview of GASB Statement No. 100, Accounting Changes and Error Corrections and GASB Statement No. 101, Compensated Absences
- Quick overview of Federal Grant Accounting and Financial Reporting...just in case
Learning Objectives
- Describe the basics of GASB-87
- Describe the basics of Conduit Debt Obligations — GASB-91
- Recognize the overall provisions of GASB Nos. 92, 93, 99
- Identify the first step in determining the lease term and the first step in identifying lease components
- Identify an example of a short-term lease
- Identify the GASB Statement that dealt with the replacement of LIBOR
- Identify the area addressed by GASB Statement No. 101
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)
Program Prerequisites
Basic knowledge of GAAP for state and local governments.
Advance Preparation
None
