As calendar year-end approaches, state and local governments must finalize annual financial reporting while ensuring compliance with newly implemented GASB standards. This year-end online course provides a comprehensive, practical update to help governmental accounting professionals confidently close out 2026 Basic Financial statements, with a final in-depth look at GASB Statement No. 103,
Financial Reporting Model Improvements, and GASB Statement No. 104,
Disclosure of Certain Capital Assets.
Participants will review key implementation considerations, applicable Implementation Guide questions and answers, and common reporting challenges encountered during the first year of adoption. The session also looks ahead to upcoming standards—including GASB Statement No. 105, Subsequent Events, and other active GASB projects—equipping attendees with clarity for both year-end reporting and early planning for calendar year 2027.
Who Should Attend
This course is designed for governmental accountants, auditors, finance officers, controllers, and accounting managers responsible for preparing, reviewing, or auditing state and local government financial statements.
Topics Covered
- GASB Statement No. 103 – Financial Reporting Model Improvements
- GASB Statement No. 104 – Disclosure of Certain Capital Assets
- Implementation Guide updates applicable to calendar year 2026
- Upcoming GASB standards, including GASB Statement No. 105, Subsequent Events
- GASB projects currently in process
Learning Objectives
- Apply GASB Statement No. 103 when preparing December 31, 2026 governmental annual financial reports
- Implement disclosure requirements of GASB Statement No. 104 related to certain capital assets
- Interpret applicable GASB Implementation Guide questions and answers relevant to 2026 year-end financial reporting
- Assess the impact of upcoming GASB standards, including GASB Statement No. 105, and projects currently in process
- Prepare for calendar year-end close with an informed outlook toward governmental accounting standards for 2027 and beyond
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Participants should have a working knowledge of governmental accounting and financial reporting, including familiarity with the GASB financial reporting framework.
Advance Preparation
None
Instructor
Eric S. Berman
Eric S. Berman, MSA, CPA, CGMA, has over 30 years of governmental accounting and auditing experience. Until he retires from the firm on April 30, 2025, he serves as a Government Advisory Services Partner with Eide Bailly LLP. Before Eide Bailly LLP, he was a quality control principal with a public accounting firm in California.
Eric is the author of the Governmental Library for preparers for CCH. The Government Library also offers in-depth, interpretive guidance. In addition to the Governmental GAAP Guide, users can access CCH’s Governmental GAAP Practice and Disclosures Manual and the Governmental GAAP Update Service.
Eric’s public-sector experience includes being a Deputy Comptroller for the Commonwealth of Massachusetts from 1999 to 2010, and the Chief Financial Officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999. Eric is a licensed CPA in Massachusetts. He obtained an M.S. in Accountancy from Bentley University. Eric currently serves on the Association of Government Accountants (AGA)’s Financial Management Standards Board (FMSB). Eric is also a past National Treasurer of AGA, serving from July 1, 2022, to June 30, 2023. He also recently co-chaired AGA’s leadership development committee and served on the finance and budget committee. Eric previously represented the AGA as the Vice Chairman of the Government Accounting Standards Advisory Council to the GASB. He also chaired the AGA’s Audit Committee and previously, the FMSB. He was also a previous chair of the American Institute of Certified Public Accountants (AICPA’s) Governmental Performance and Accountability Committee and is a former member of the AICPA’s State and Local Government Expert Panel. Eric was a member of the GASB’s task force reexamining the state and local governmental financial reporting model and has served on previous GASB task forces and working groups assisting in developing and implementing standards.
Eric is also a past member of the California Society of CPAs' Governmental Accounting and Auditing Committee and is past chair of the same committee for the Massachusetts Society of CPAs. He was also the founder and treasurer of a not-for-profit performing arts organization in Pennsylvania. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing. Eric shuttles between Massachusetts and Washington, DC.
Eric is also a past member of the California Society of CPAs’ Governmental Accounting and Auditing Committee and is past chair of the same committee for the Massachusetts Society of CPAs. He was also the founder and treasurer of a not-for-profit performing arts organization in Pennsylvania. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing.