Date: Thursday, March 12, 2020
Time: 8:30 a.m. - 4:30 p.m.
Registration Deadline: March 5, 2020
Alameda County Training and Education Center
125 12th Street, #400
Oakland, CA 94607
Questions on Training Contact: CSMFO, 877-282-9183, [email protected]
The Intermediate Governmental Accounting/Financial Reporting course is designed for accountants that are new to the government sector. The course focuses on the year-end close process and annual financial reporting, including the Comprehensive Annual Financial Report. Participants with new or expanding responsibilities for government accounting and financial reporting are encouraged to attend.
Instructor: Irwin Bornstein
1. Review of Basic Accounting Concepts
The class will start with a quick review of some basic accounting concepts and principles that are presented in the Introductory Governmental Accounting class.
2. Governmental Accounting – What Makes Us So Special?
The morning session continues with an examination of what makes governmental accounting and financial reporting unique, including the standard setting process and the importance of fund accounting.
3. Overview of Governmental Financial Statements
The morning session concludes with discussion of annual financial statements and the Comprehensive Annual Financial Report. Participants will gain an understanding of how a CAFR is structured and where to locate information within the CAFR. A recent CAFR from a California city will be provided as a reference for discussion and a class exercise.
4. Year-end Close
Planning and organization are keys to a successful year-end close. The primary focus of the afternoon session will be an overview of the year-end close process and discussion of a work plan to efficiently navigate cut-off dates, build the year-end balance sheet, analyze the funds, compile the CAFR, facilitate the audit, and report to stakeholders.
5. Other Reports
Other annual reports required in California as well as optional popular annual financial reports will be discussed. The class will have opportunity to review and critique a popular annual financial report.
6. Current Events and Questions from the Class
The class will finish with a brief look at new accounting pronouncements on the horizon, and questions from the class.
Attendance will be limited to 50 people. All fees must accompany your registration and be received by the March 5th deadline.
Classes are subject to cancellation within 2 weeks prior to the event if a minimum number of 18 registrations is not obtained. Please contact the CSMFO office for details.
CANCELLATION POLICY: Advance registrants unable to attend a course will receive a refund of the full registration fee, if a written request is received by the CSMFO office at least 72 hours prior to the start of the course. Cancellations made after the 72 hour deadline can send a substitute in their place with written notice to the CSMFO office.