Wrapping Up 2023, What You Need to Know for Calendar Year end Governments
Author: Eric S. Berman
| 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. 94, 96 and 99 through 102. Other changes may be coming in the future. Hear what you need to know to prepare for this year-end while keeping an eye on the future.
Publication Date: December 2023
Topics Covered
- A look at the timeline for year-end
- Quick look at GASB-94
- GASB-96 for Calendar Year End's (or if you are just getting started...)
- GASB-99 (Leases, P3's and SBITA changes)
- A look ahead to 2024 — GASB-99, 100, 101, IGU 2021-1 Q 5.1
- 2025 — GASB-102 Certain Risk Disclosures
Learning Objectives
- Identify the changes in accounting and financial reporting for states and local governments for calendar year-end 2023, with one last focus on GASB Statement Nos. 94, 96 and changes made by GASB-99
- Identify the implementation guidance released by the 2023 Implementation Guide Update
- Identify GASB Statement Nos. 100, 101 and 102
- Identify an example of a Public-Private Partnership (P3)
- Identify the legacy GASB standard specifically for SBITAs
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Basic knowledge of governmental accounting and auditing.
Advance Preparation
None
