Is Your Government a Going Concern?
Date: Thursday, July 24, 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 |
|
The Governmental Accounting Standards Board (GASB) is releasing its Preliminary Views on Severe Financial Stress (SFS) and Probable Dissolution (PD) Disclosures. The project is potentially controversial for some governments in some cases due to defined benefit pension and OPEB liabilities. Hear what is in the document and where the project may head in the future.
Topics Covered
- Governmental accounting
- Defined benefit pension
- SFS
Learning Objectives
- Understand the GASB’s project on Severe Financial Stress (SFS) and Probable Dissolution (PD) Disclosures
- Understand the relationship between SFS and PD.
- Gather information on potentially assessing SFS.
- Understand what may be disclosed if SFS is present.
- Gather information on potentially assessing PD and disclosing if PD is present.
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
