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GASB has been very busy issuing standards impacting state and local governments. This course takes a deeper dive into GASB 84, Fiduciary Activities and GASB 87, Leases. We also cover other relevant standards and discuss GASB 95 and its impact on effective dates.

The course closes with a review of GASB’s Technical Bulletin, Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases, as well as GASB’s Toolbox for entities to consider the impact of COVID on financial reporting.

Learning Objectives

  • Recognize changes to governmental financial reporting.
  • Identify and cover other relevant standards and discuss GASB 95 and its impact on effective dates.
  • Discover and take a deeper dive into GASB 84, Fiduciary Activities and GASB 87, Leases.
Last updated/reviewed: May 15, 2022

Included In Certifications

This course is included in the following Certification Programs:

5 CoursesIntermediate Yellow Book Certification

  1. Not-for-Profit GAAP Update
  2. Government GAAP Update
  3. Uniform Guidance Update
  4. Yellow Book Update
  5. Common Yellow Book & Single Audit Deficiencies

Prerequisites

Course Complexity: Intermediate

Prior experience with governmental financial reporting.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:48Introduction to Government GAAP Update
  6:20GASB 90-Postponement of Effective Dates
  20:05GASB 84 Fiduciary Activities
  16:14GASB 87-Leases
  14:14GASB 87-Leases Cont'd
  6:57Lessee Accounting
  6:17Lessor Accounting
  1:33GASB 89
  4:43GASB Majority Equity Interests
  9:55COVID 19 Impact
  11:44COVID 19 Impact Cont'd
CONTINUOUS PLAY
  1:39:50Government GAAP Update
SUPPORTING MATERIAL
  PDFSlides: Government GAAP Update
  PDFGovernment GAAP Update Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM