This June 30th fiscal year end, states and local governments are just coming up for air from implementing GASB Statement No. 87, Leases. But, there are three other standards that will need consideration related to GASB-87:
GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
GASB Statement No. 96, Subscription-Based Information Technology Arrangements and
GASB Statement No. 99, Omnibus 2022
Further, some governments may be exposed to the provisions of GASB Statement No. 91,
Conduit Debt Obligations.
This course will review the provisions of GASB-94, 96 and 99 as well as 91 to get governments and auditors ready for this June 30th. If there is time, a sneak peak will be provided on GASB Statement Nos. 100, 101 and the pending GASB Statement No. 102, all which may impact 2024 and beyond.
Publication Date: June 2023
Topics Covered
- GASB-91, Conduit Debt Obligations
- GASB-99, Omnibus 2022 Recap and Look Ahead to
June 30, 2024
- Look ahead to 2024 (and beyond), including GASB100, 101 and Breaking News - 102
Learning Objectives
- Identify GASB Statements that will impact the June 30 Year-End
- Recognize the overall provisions of GASB Nos. 94, 96, 99
- Identify at least how many parties are involved in conduit debt
- Identify the referenced GASB statement that was immediately effective
- Identify an example of a change in accounting principle
- Identify a disclosure requirement related to error corrections
- Identify the number of areas of potential change with respect to FRM
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Some knowledge of GASB standards or experience in auditing governments
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.