This presentation will highlight changes in the law resulting from an Act regulating and insuring short-term rentals and recent amendments. It will also cover a general description of the Room Occupancy Excise under G.L. c. 64G, changes in the law, effective dates of the changes, current and new local options for municipalities, accounting treatment of funds received and potential impacts on the local property tax rate.
The public sector finance and administration market is rapidly moving to so-called “4th Generation Enterprise Resource Planning (ERP) systems,” often referred to as “Intelligent ERP.” This approach combines advanced digital technologies, such as robotic process automation and artificial intelligence, to automate many financial business process areas. We will explore several use cases for adopting these technologies and the related value proposition in this session.
Examine the new standards going into effect, including Statement No.84, Fiduciary Activities and Statement No.87, Leases. We’ll also cover projects on the Board’s technical agenda, such as the reexamination of the financial reporting model, the revenue/expense recognition project and the note disclosure conceptual framework project.
Student activity funds (SAFs) are a focus for the implementation of the Governmental Accounting Standards Board’s (GASB) Statement No. 84, Fiduciary Activities and for compliance with the Massachusetts Department of Elementary and Secondary Education’s (DESE) regulations, internal controls, policies and procedures. In this session, you’ll learn how DESE’s role has evolved and the provisions and implementation strategies of GASB Statement No.84 regarding SAFs.
This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1112817 Click here for more details: https://www.mscpaonline.org/cpe/training_fund
Eric S. Berman, MSA, CPA, CGMA, has over 25 years of governmental accounting and auditing experience and is a Partner with Eide Bailly LLP. Previous to Eide Bailly LLP, he was a quality control principal with a public accounting firm in California. His 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 recently represented the Association of Government Accountants (AGA) as the Vice Chairman of the Government Accounting Standards Advisory Council to GASB. He was the previous chair of the Financial Management Standards Board. He also is a previous chair of the American Institute of Certified Public Accountants (AICPA) Governmental Performance and Accountability Committee and is a former member of the AICPA’s State and Local Government Expert Panel. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing.
Lisa Parker is a project manager with the Governmental Accounting Standards Board. Prior to joining the GASB, Lisa worked for Runyon Kersteen Ouellette CPA’s for 10 years, the Town of Old Orchard Beach, Maine as their Finance Director and interim Town Manager for 2 years, and the City of Saco, Maine as their Finance Director for 8 years. Parker is a Certified Public Accountant and a Chartered Global Management Accountant. She is also a member of the Association of Governmental Accountants, the American Institute of Certified Public Accountants, and the Maine Society of Certified Public Accountants and has served as their President. Parker also has previously served as President of the Maine Governmental Finance Officers Association, an Executive Board member of the New England Governmental Finance Officers Association, and a member of a National GFOA standing committee. Parker attended Boston College and the University of Southern Maine graduating with Magna Cum Laude honors and a Bachelors degree in Accounting.
Jay Sullivan is the Director of School Business Services in the Department of Elementary & Secondary Education. In this capacity, he oversees a variety of financial programs, including Special Education Circuit Breaker, School accounting, End of Year Financial Reporting and Auditing, Transportation, federal compliance issues relative to maintenance of effort requirements and calculation of district’s indirect cost rates. Jay has worked for the Department for over 30 years as an auditor and business manager.