[CAFR-Contacts-News] Training Opportunity: Wednesday, April 14, 2010 GASB Update-Keeping Pace in a Changing Environment

[ROSS Kathryn * SCD SARS]

SARS will sponsor a site for the NASACT audio-conference "GASB Update:
Keeping Pace in a Changing Environment." Details about the date and time
as well as the audio-conference write- up provided by NASACT are below.

 

Date:               Wednesday, April 14, 2010

 

Time:              11:00 a.m. - 12:50 p.m. PDT

 

Location:         DAS Executive Building

                        Conference Room B

 

Speakers:         Robert H. Attmore, chair, GASB; Ken Schermann, senior
technical advisor, GASB; Dean Mead, research

                        manager, GASB; Karl Johnson, project manager,
GASB; Herb Maguire, director, Bureau of Financial
Management, Comptroller Operations (PA); and Eric Berman, deputy
comptroller (MA).

 

CPE:                Two credits

 

Cost:                Free (sponsored by State Controller's Division)

 

"GASB Update: Keeping Pace in a Changing Environment"

 

A Training Webinar

 

NASACT, in conjunction with the Association of Government Accountants
and the Association of Local Government Auditors, is pleased to announce
the latest in its series of audio conferences addressing timely issues
in government auditing and financial management. 

 

As fiscal year-end for most state governments quickly approaches, it's
an opportune time for financial statement preparers and auditors to get
a refresher on (1) recently issued GASB pronouncements, (2) new
standards that are effective for June 30, 2010, and (3) other
significant projects on GASB's current technical agenda.  This webinar
will provide "must know" guidance for financial statement preparers and
auditors.

 

Robert H. Attmore, GASB chair, and various members of the GASB staff
will cover new GASB pronouncements along with key technical agenda
items, including:  

 

*         Statement 54 (fund balance) 

*         Statement 14 (reporting entity) reexamination 

*         Service concession arrangements 

*         Codification of Pre-November 30,1989 FASB and AICPA
pronouncements 

*         Statements 55 (GAAP Hierarchy) and 56 (Codification of
Accounting and Financial Reporting Guidance contained in the AICPA
Statements on Auditing Standards) 

*         Pension standards reexamination 

*         Statements 57 (OPEB measurements) and 58 (Chapter 9
bankruptcies) 

*         Service efforts and accomplishments (SEA) reporting guidelines


*         Economic condition: fiscal sustainability project 

 

Standards that will be effective for fiscal years ending June 30, 2010,
will also be covered.  These include Statement 51, Accounting and
Financial Reporting for Intangible Assets, and Statement 53, Accounting
and Financial Reporting for Derivative Instruments.  Herb Maguire,
director, Bureau of Financial Management, Comptroller Operations (PA),
and Eric Berman, deputy comptroller (MA), will discuss key
implementation issues that auditors and comptrollers need to be aware of
as these new statements become effective.

 

Please join us for this informative training event.  In addition to
hearing scheduled segments from our speakers, you will be able to ask
questions during a live Q&A session.  

                         

This webinar offers something for all government auditors, comptrollers,
and agency accountants.  

  

Agenda (EDT):

2:00 - 2:05

Welcoming Remarks - Kinney Poynter, executive director, NASACT

 

 

 

 

2:05 - 2:10

Introduction - Robert H. Attmore, chair, GASB

 

 

 

 

2:10 - 2:30

Statement 54 (fund balance), Statement 14 (reporting entity)
reexamination, and service concession arrangements

 

Ken Schermann, senior technical advisor, GASB

 

 

 

 

2:30 - 2:40

Codification of Pre-November 30, 1989 FASB and AICPA pronouncements,
Statements 55 (GAAP hierarchy) and 56 (Codification of Accounting and
Financial Reporting Guidance contained in the AICPA Statements on
Auditing Standards)

 

Dean Mead, research manager, GASB

 

 

 

 

2:40 - 2:50

Pension standards reexamination - Karl Johnson, project manager, GASB

 

 

 

 

2:50 - 3:05

Statements 57 (OPEB measurements) and 58 (Chapter 9 bankruptcies),
service efforts and accomplishments (SEA) reporting guidelines, and
economic condition: fiscal sustainability project

 

Robert H. Attmore, chair, GASB

 

 

 

 

3:05 - 3:15

Statement 51 (intangible assets) - Herb Maguire, director, Bureau of
Financial Management, Comptroller Operations (PA)

 

 

 

 

3:15 - 3:25

Statement 53 (derivatives) - Eric Berman, deputy comptroller (MA)

 

 

 

 

3:25 - 3:45

Live Q&A

 

 

 

 

3:45 - 3:50

Wrap-up - Kinney Poynter

 

Register:          If you would like to participate in the audio
conference, please e-mail SCD.Register at state.or.us, and
provide the following information:

 

The name and date of the training (enter in subject line of e-mail)

*         Your name

*         Your agency

*         Your e-mail address 

*         Your phone number

 

If you have any questions, please call Jeanne Bock in SARS at
503-373-7277 ext. 268.

 

 

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