GASB Reexamines the Financial Reporting Model

Event Details


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Delivery Method Webinar
Field of Study Accounting (Governmental) - 1.50
NASBA CPE Earn 1.50 CPE Hours
Contact IGFOA

Event Cost

Event Description

The current financial reporting model used by state and local governments is contained in GASB Statement No. 34, generally became effective in 2002 for most governments. This model did not substantially change the accounting and financial reporting for governmental funds, most notably the general fund. GASB has now added a project to its agenda to examine reporting for governmental funds and what information should be conveyed in external financial statements. An Invitation to Comment (ITC) was issued by GASB in December 2016 that considers three alternatives to reporting governmental funds. This webinar will focus on the three alternatives.

David R. Bean, Director of Research and Technical Activities, Governmental Accounting Standards Board
Frederick G. Lantz, Partner-in-Charge, Government Services, Sikich LLP

Learning Objectives:  Participants completing this session will be able to:
1. Understand the concepts of the three alternatives contained in the ITC
2. Explore how the alternatives would impact a government’s governmental funds
3. Learn specifially how the alternatives would impact the general fund

Delivery method: Group Internet Based
Program Level: Overview
Prerequisites: No prerequisites required 
Advanced Preparation: 
No advanced preparation required
Field of Study: Accounting (Governmental)
Earn about 1.5 CPE credit

Registration & Cancellation Policy

Registrations are accepted on a first-in, first registered basis. Payments by check should be mailed in advance or made at time of registration by credit card. 

IGFOA Members are those Public Sector and Partner or Associate individuals specifically listed in the IGFOA Membership Application or Renewal. IGFOA Government non-member rate applies to staff, appointed officials, and elected officials of a government with a current IGFOA membership. If you have questions about your membership, contact IGFOA at 630-942-6587. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.

If you are unable to attend, please contact IGFOA at 630-942-6587 or as soon as possible.  A $20 cancellation fee will be charged for cancellations up to January 4, 2017. Cancellations after January 4, 2017 and no-shows are responsible for the full tuition.

IGFOA reserves the right to modify the agenda, cancel the event due to low enrollment, or to close registration if full.  Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event. By submitting this registration, the applicant agrees to the registration and cancellation policy above.

Approved by the National Registry of CPE Sponsors

CPE SponsorsCPE Registry Illinois 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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