Wrapping Up 2025, What You Need to Know for Calendar Year end Governments
Date: Tuesday, December 16, 2025
Instructor: Eric S. Berman
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
It is time to wrap up another calendar year for states and local governments. This year and next will be busy with the implementations of GASB Statement Nos. 102 through 104. Other changes may be coming soon. Hear what you need to know to prepare for this year-end while keeping an eye on the future.
Topics Covered
- A look at the ‘heat map of GASB’ for Calendar Year 2025, 2026 and 2027
- One final look at GASB-102
- Preparing for GASB-103 and 104
- Looking ahead to what may be GASB-105 and the other GASB projects in process
- What is going on in the implementation of the federal Financial Data Transparency Act
Learning Objectives
- Identify the changes in accounting and financial reporting for states and local governments for calendar year-end 2025, with one last focus on GASB Statement Nos. 102
- Identify the implementation guidance released by the 2025 Implementation Guide Update
- Understand the current GAAP in progress including on Subsequent Events, Severe Financial Stress and Probable Dissolution Disclosures and Revenue and Expense Recognition.
- Hear the latest information on the federal Financial Data Transparency Act
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Basic knowledge of governmental accounting and auditing.
Advance Preparation
None
