Gearing Up for June 30th Year-End
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
June 30th is coming quickly, which for many governments is the fiscal year end. Hear about the important changes coming for this June 30th if you missed them in other courses or need a refresher. Also, understand what the planning calendar looks like for next year.
Publication Date: April 2025
Topics Covered
- The Planning Calendar for this June 30th (and the next few years)
- GASB-100
- GASB-101 Compensated Absences - How are you doing on this one?
- GASB-102 Certain Risk Disclosures - Is it an Issue for Your Government?
- Looking ahead
Learning Objectives
- Describe GASB-99 and 100
- Identify the changes made by GASB-101 as a refresher for this June 30th
- Describe GASB-103 and 104
- Identify the planning calendar for next year
- Identify a type of absence when an employee receives a cash payment when leave is used for time off
- Identify an action that would qualify as correcting an error
- Identify an action that requires treatment as a change in accounting principle under GASB guidance
- Identify the number of criteria considered when determining unused leave
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Basic understanding of governmental accounting.
Advance Preparation
None
