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. 102 through 104. Other changes may be coming soon. Hear what you need to know to prepare for this year-end while keeping an eye on the future.
Publication Date: December 2025
Topics Covered
- The Planning Calendar for this December 31st (and the next few years)
- GASB-101 Compensated Absences - Are We Ready?
- GASB-102 Certain Risk Disclosures - Is it an Issue for Your Government?
- GASB 2025 - 1 Implementation Guide Update - Focus Areas
- Gearing Up for GASB 103 and 104
Learning Objectives
- Identify the changes in accounting and financial reporting for states and local governments for calendar year-end 2025, with one last focus on GASB Statement Nos. 102
- Identify the implementation guidance released by the 2025 Implementation Guide Update
- Explain the current GAAP in progress including on Subsequent Events, Severe Financial Stress and Probable Dissolution Disclosures and Revenue and Expense Recognition.
- Identify the latest information on the federal Financial Data Transparency Act
- Identify a key area to review on payroll files under GASB-101
- Identify an example of a risk related to operations
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
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.