The start date for this course has passed. Registration is no longer available.
Hear an update from the MA DOR on Contemporary issues facing all practitioners of municipal finance in the Commonwealth.
Develop your understanding of S&P's local government criteria, methodology and assumptions. This session will also focus on how S&P determines a long-term credit rating for various types of government.
Now that the Super Circular (Uniform Guidance) has been issued governments and their auditors all have questions about what the future holds for calendar 2015 year ends and beyond. Federal agencies will be issuing guidance over the next several months and governments will be responsible for conforming their systems and processes to meet what, in many ways, was the former compliance guidance for not-for-profit organizations. The federal government is also focusing in on internal controls. Government managers have only about a year to prepare to make these changes. This session will provide an update on the changes to administrative, cost and audit requirements. We will also discuss how internal controls now play a more significant role in compliance with federal requirements.
Are you ready for GASB's new standards of accounting and financial reporting? Learn about significant pension reporting changes in GASB Statements 67 and 68; soon-to-be effective GASB pronouncement for reporting deferred items (Statement 65); non-exchange financial guarantees (Statement 70); and government combinations and spinoffs (Statement 69). The session will conclude with a discussion of current and forthcoming exposure drafts for GAAP hierarchy, fiar value measurement and reporting and OPEB.
Your Annual Financial Report / CAFR is more than a document with a lot of numbers in it. It is also a communication tool that can help message to your Board of Selectmen, City Council, Governing Board or Clients and the public the value that a government brings to the community. Many times an agency’s financial report has dry generic information that does not take full advantage of the opportunity that the CAFR gives an agency to “tell its story” about what transpired during the fiscal year under audit. In this session, we will provide “best practices” regarding what should be in an annual financial report or CAFR presentation that will help your government or client put the data in the report in the most meaningful context, while still complying with all of the rigid requirements of GAAP and the GFOA Award Program.
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