Technical Accounting Review Committee (TARC)


Wednesday, January 13, 2016, 2:00 PM–4:00 PM


CM Services Inc
800 Roosevelt Road, Building C, Suite 312
Glen EllynIL 60137

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Intended Audience:  IGFOA TARC Committee Members.  Interested in participating in the TARC Committee, contact the IGFOA at

Descriptions:  The Technical Accounting Review Committee monitors and comments on activities and rulings of the Governmental Accounting Standards Board (GASB). The committee provides testimony on GASB standards and educates the IGFOA membership on those standards.


A. Review Presentation Materials for the February 4, 2016 IGFOA Webinar, “Recording & Reporting Revenue Received from Non-Exchange Transactions.” 

B. GASB Exposure Draft Feedback – Review, Discuss and Provide Feedback:  Implementation Guide No. 20XX-X, Implementation Guidance Update—20XX (Comment Deadline: November 30, 2015)
(Exposure Draft)

C. Future Meeting Dates

D. Other Issues Requiring TARC Discussion:  Upcoming Items from GASB:

1. Pension Issues—an amendment of GASB Statements No. 67, No. 68, and No. 73 (Comment Deadline: February 12, 2016) (Exposure Draft) December 7, 2015 (Approved by the Board)  
          • Exposure Draft

2. Fiduciary Activities (Comment Deadline: March 31, 2016) (Exposure Draft) December 8, 2015 (Approved by the Board)
          • Exposure Draft

3. Certain Asset Retirement Obligations (Comment Deadline: March 31, 2016) (Exposure Draft) December 7, 2015 (Approved by the Board)
          • Exposure Draft

 Learning Objectives – This meeting is eligible for CPE credit. 

  • Understand the accounting and financial reporting issues for revenues from non-exchange transactions.
  • Comment on the Exposure Drafts on Fiduciary Activities and Certain Asset Retirement Obligations of the Governmental Accounting Standards Board.
  • Expand your familiarity of  the accounting and financial reporting challenges faced by local governments in Illinois as a result of legislative inaction through interaction with fellow accounting and finance professionals

Delivery method: Group-Live
Program Level: Advanced
Prerequisites: IGFOA TARC Committee Member
Field of Study: Accounting (Governmental)
Advanced Preparation: none
CPE: Earn about 2.0 CPE

If you have any questions regarding this seminar, cancellations, complaints, or refunds, please contact the IGFOA at 630-942-6587 or

CPE hours: 2.00

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Approved by the National Registry of CPE Sponsors

CPE RegistryIllinois Government Finance Officers Association (IGFOA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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