Focus Areas for June 30th Year-End

This program has been approved NASBA & IRS CPE Credit 2(Taxes)

For June 30th year-end audits and financial reporting, there are several key focus areas that both auditors and financial reporting professionals should pay attention to. These areas are critical for ensuring accurate, compliant, and transparent financial statements. Learn about the important GASB statements that should be implemented by states and local governments for the fiscal year ended June 30, 2024.

Topics Covered:

Overview of the June 30th Financial Reporting Timeline
The remaining portion of GASB Statement No. 99, Omnibus 2022 implementing this year.
Key Financial Reporting Standards
Common Audit Issues and Challenges
GASB Statement No. 100, Accounting Changes and Error Corrections
Financial Statement Presentation and Disclosure
Technology and Tools for Financial Reporting

Learning Objectives:

Learn the reporting issues relating to GASB-100
Understand the remaining elements of GASB Statement No. 99, Omnibus 2022 that may apply to governments this fiscal year end
Receive an overview of the history of standards setting that resulted in GASB Statement No. 100, Accounting Changes and Error Corrections
Look ahead to fiscal year end June 30, 2025

Credits and Other information:

Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
NASBA Sponsor: 146439
IRS Course ID: PJGWS
Attendance Requirement: Yes
Session Duration: 100 min

Case Studies and Live Q&A session with speaker
PowerPoint presentation for reference

Who Will Benefit:

CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Speaker Profile:

Eric S. Berman, MSA, CPA, CGMA, currently serves on the Association of Government Accountants (AGA)’s Finance and Budget Committee and is the national Treasurer – Elect for the AGA. He recently 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 AGA’s Financial Management Standards Board. He also was 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 is currently 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 the development and implementation of 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.

Year-End Audits and Financial Reporting

EVENT DATE:

PRESENTER(s): Eric S. Berman

This program has been approved NASBA & IRS CPE Credit 2(Taxes)

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