Getting Ready for Calendar Year End 2024 Financial Reporting Season and What Is Happening in 2025
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
The Governmental Accounting Standards Board (GASB) had a relatively quiet 2023. But that means for calendar year 2024, standards implementations are heating up. For this calendar year end, the second year of GASB-96, GASB-99 and 100 have important changes. Looking ahead, GASB-101 through 104 are going to be the focus. Hear about the important changes to allow you to plan your future!
Publication Date: December 2024
Topics Covered
- Recap of GASB Statement Nos. 96, 99 and 100
- Getting ready for GASB Statement Nos. 101 through 104
- Review the potential future GAAP calendar
Learning Objectives
- Explain the GASB Pronouncements that should be implemented for this calendar year end December 31, 2024
- Idenitify how to prepare for what's ahead in calendar year 2025
- Identify how to plan for the potential changes into the future
- Identify the key determining factor as to whether a cloud-based system is a SBITA
- Identify an example of a correction of an error
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Basic governmental accounting
Advance Preparation
None
