Other than GASB-94 and 96, What You Need to Know for this June 30 Year-End
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
This June 30th fiscal year end, states and local governments are just coming up for air from implementing GASB Statement No. 87, Leases. But, there are three other standards that will need consideration related to GASB-87:
GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
GASB Statement No. 96, Subscription-Based Information Technology Arrangements and
GASB Statement No. 99, Omnibus 2022
Further, some governments may be exposed to the provisions of GASB Statement No. 91,
Conduit Debt Obligations.
This course will review the provisions of GASB-94, 96 and 99 as well as 91 to get governments and auditors ready for this June 30th. If there is time, a sneak peak will be provided on GASB Statement Nos. 100, 101 and the pending GASB Statement No. 102, all which may impact 2024 and beyond.
Publication Date: June 2023
Topics Covered
- GASB-91, Conduit Debt Obligations
- GASB-99, Omnibus 2022 Recap and Look Ahead to
June 30, 2024
- Look ahead to 2024 (and beyond), including GASB100, 101 and Breaking News - 102
Learning Objectives
- Identify GASB Statements that will impact the June 30 Year-End
- Recognize the overall provisions of GASB Nos. 94, 96, 99
- Identify at least how many parties are involved in conduit debt
- Identify the referenced GASB statement that was immediately effective
- Identify an example of a change in accounting principle
- Identify a disclosure requirement related to error corrections
- Identify the number of areas of potential change with respect to FRM
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Some knowledge of GASB standards or experience in auditing governments
Advance Preparation
None
