Governmental accounting and reporting is complex and changes rapidly. Government accountants and auditors are responsible for staying current with the latest developments at the Government Accountability Office (GAO), Office of Management and Budget (OMB), American Institute of CPAs (AICPA), and Governmental Accounting Standards Board (GASB) to ensure that their accounting and auditing skills are sharp enough to meet current requirements and comply with Governmental Generally Accepted Accounting Principles (GAAP). Government accountants and auditors also need to be prepared for significant changes in the future, as some requirements and regulations are put out in advance of their implementation date.
That’s why at Camcode, we have gathered this list of the top government accounting resources available today. We have searched for current and highly-regarded government accounting resources from experts, thought leaders, and accounting masterminds to help you learn and understand more about GASB standards, the new OMB Uniform Grant guidance, modified accrual accounting for governmental entities, and so much more relating to the field of governmental accounting. Our resources include articles and blogs, eBooks and guides, journals, conferences, and webinars, among others, to give you access to the information you need to stay current in today’s ever-changing government accounting environment.
While we have listed our top government accounting resources below in no particular order, we have included a table of contents to make it easier for you to jump to the resource categories that most interest you.
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Articles and Blogs
1. U.S. Governmental Accounting Board Takes on Tax Abatement Programs
@Reuters
In this government accounting article for Reuters, Lisa Lambert examines a proposal from the Governmental Accounting Standards Board (GASB) requiring U.S. state and local governments to disclose how much revenue they lose through tax breaks for economic development projects. The board cited difficulty in discerning the magnitude and nature of effects on governmental finances and the ability to raise revenue as the reason behind the proposal.
Three key points we like from U.S. Governmental Accounting Board Takes on Tax Abatement Programs:
- The proposal would require government financial statements to include descriptions of tax abatement programs designed to spur investment in communities
- The board would require disclosure of criteria used to determine whether a taxpayer is eligible for tax breaks, how governments will recapture abated taxes, and the types of commitments taxpayers make in return for the breaks, among other information
- Tax abatement programs can have substantial effects on government finances and the ability to raise revenue
Cost: FREE
2. New Mexico’s $100 Million Accounting Error
@business
@jennoldham
Bloomberg Business is known for delivering “the first word in business news.” In this government accounting article for Bloomberg Business, Jennifer Oldham examines the $100 million shortfall in New Mexico’s ledger, because of a new accounting system introduced in 2006. As a result of the error, Standard & Poor’s revised the state’s outlook to negative, due to the state’s cash management practices and dependence on energy.
Three key points we like from New Mexico’s $100 Million Accounting Error:
- Connecticut, Missouri, Montana, and New Mexico flunked audits in fiscal 2013
- Secretary for the Department of Finance & Administration, Tom Clifford, cited a “rushed timeframe” for implementing the accounting system under then-governor Bill Richardson and deficient financial practices as the cause for the miscount
- A study on the variances between the state ledger and its bank accounts found only 2% of 160 million entries matched corresponding bank transactions from fiscal 2007 through February 2013
Cost: FREE
3. New Rule Could Require Governments to Report Tax Incentives as Lost Income
@GOVERNING
@LizFarmerTweets
Governing Magazine offers news and analysis of state and local government politics, policy, and management. Here, public finance writer Liz Farmer explains that an effort is underway “to make government tax subsidies more transparent,” as the GASB wants to make an accounting change to require reporting of tax incentives as lost income in annual financial reports.
Three key points we like from New Rule Could Require Governments to Report Tax Incentives as Lost Income:
- The new proposal could provide hard evidence on information that often was spotty, at best
- It is difficult, if not impossible, to know the magnitude or nature of tax abatement programs just by looking at government financial statements
- Texas led the nation in incentives, offering around $19 billion annually
Cost: FREE
4. Impact of GASB’s New Pension Rules on Government Bond Ratings
@pensionsnews
Pensions & Investments is a leading news and data source for everything related to retirement, including endowment, 401(k), and pensions. In this government accounting article, Mark Lasee and Marc Lieberman examine the impact of the GASB’s new pension reporting rules, effective June 15 and found in GASB Statements 67 and 68, which mandate that governmental balance sheets reflect unfunded pension liabilities.
Three key points we like from Impact of GASB’s New Pension Rules on Government Bond Ratings:
- A wealth of state and local pension plans are underfunded, so the new reporting rules will add substantial liabilities to governmental balance sheets
- There is widespread fear of severe credit-rating downgrades
- Lasee and Lieberman contend the new GASB reporting scheme “will not materially affect the credit ratings of most public plan sponsors … because the rating agencies themselves have signaled their understanding that the new GASB reporting rules might be mere window dressing that, ultimately, does not change the already apparent realities of the marketplace”
Cost: FREE
5. Fixing Public Sector Finances: The Accounting and Reporting Lever
@HarvardCorpGov
This article from the Harvard Law School Program on Corporate Governance, directed by Lucian Bebchuk, was written by Holger Spamann, assistant professor at Harvard Law School. Spamann based his post on the article Fixing Public Sector Finances: The Accounting and Reporting Lever, published in the UCLA Law Review and co-authored by James Naughton of Kellogg School of Management and Spamann himself, which calls for fixing the ineffective financial reporting regime for public entities.
Three key points we like from Fixing Public Sector Finances: The Accounting and Reporting Lever:
- The precarious financial situation of many states, cities, and other localities is highlighted by Detroit’s bankruptcy
- Part of the blame for the municipalities’ situation lies with outdated and ineffective financial reporting for public entities
- There is strong evidence that the municipalities’ reporting failures both conceal and partially cause their fiscal problems
Cost: FREE
6. Government GPS
@HHCPAs
Government GPS is the blog of Henry & Horne, LLP, Arizona’s largest locally-owned accounting firm that has provided professional services to the government industry for more than 55 years. The blog is an extensive government accounting resource, with posts covering accounting standards, best practices, GASB, GAAP, GFOA, and many other categories.
Three posts we like from Government GPS:
Cost: FREE
7. CRI CPA Blog
@CRIcpa
The CRI CPA Blog is the blog of Carr, Riggs & Ingram, whose CPAs and business consultants offer auditing, accounting, tax, forensic accounting, business consulting, and other services for governmental entities, publicly-traded companies, not-for-profit organizations, and other organizations. Their blog archives date to February 2011 and cover various industries and services. We have found their government accounting posts to be especially on trend.
Three posts we like from CRI CPA Blog:
Cost: FREE
8. Governmental Accounting & Management News
@heinfeldmeech
Heinfeld, Meech and Co., CPAs and Business Consultants, specializes in governmental and non-profit accounting, auditing, and consulting. Their blog delivers information to governmental entities on regulatory updates and compliance issues.
Three posts we like from Governmental Accounting & Management News:
Cost: FREE
9. Crawford & Associates Governmental Accounting Blog
Crawford & Associates is dedicated to “promoting public accountability and stewardship of public resources.” They are leaders in state and local government financial management, and they use their blog to share information about the latest developments in that arena.
Three posts we like from Crawford & Associates Governmental Accounting Blog:
Cost: FREE
eBooks and Guides
10. Governmental GAAP Guide (2015)
@WKTAAUS
Wolters Kluwer Tax and Accounting delivers insightful, industry-leading resources and step-by-step guidance on tax and accounting issues. Their eBook, Governmental GAAP Guide (2015), is written by Eric S. Berman, a CPA with more than 20 years of governmental accounting and auditing experience.
Three key topics we like from Governmental GAAP Guide (2015):
- Foundation and overview of governmental generally accepted accounting principles
- Financial reporting by general-purpose governments
- Stand-along financial reporting by special-purpose governments
Cost: $299.95
11. Governmental Accounting Made Easy
@wileytweets
Author Warren Ruppel is a leading authority on governmental accounting. In Governmental Accounting Made Easy, an eBook, Ruppel offers practical information in easily understood language. He explains accounting rules in terms that even those who do not have a good handle on accounting principles and financial reporting can understand to help them better fulfill their managerial and fiduciary duties.
Three topics we like from Governmental Accounting Made Easy:
- Fund accounting
- Revenues from non-exchange transactions
- Government financial statements
Cost: $25.99
12. Applying Government Accounting Principles
Written by Mortimer A. Dittenhofer and Edward W. Stepnick, this government accounting eBook, available from Google Books, covers nearly every aspect of accounting and financial reporting for state and local governments, plus federal government programs. The eBook features analysis and clear text, along with hundreds of practical work aids, covering a variety of government accounting topics.
Three key topics we like from Applying Government Accounting Principles:
- Fund accounting and classification guidelines
- Recognizing and recoding resource inflows and outflows
- Measuring and recording all financial statement accounts and groups
Cost: $339.20
13. Wiley GAAP for Governments 2015: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments
@wileytweets
Wiley GAAP for Governments 2015 is Warren Ruppel’s eBook that provides the latest GAAP information. Designed specifically for government entities, the book focuses on practical application and includes up-to-date implementation information and explanations for government accounting.
Three key topics we like from Wiley GAAP for Governments 2015:
- How GAAP applies to government bodies and pension plans
- Disclosure checklists designed specifically for government entities
- The newest government accounting pronouncements
Cost: $84.99
14. Governmental Accounting: Fundamental Principles (Portfolio 5140)
@BloombergBNA
A wholly-owned subsidiary of Bloomberg, Bloomberg BNA is a leading source of legal, regulatory, and business information for professionals. A part of the Accounting Policy and Practice Series, Governmental Accounting: Fundamental Principles provides a comprehensive discussion on the fundamentals of governmental accounting.
Three key topics we like from Governmental Accounting: Fundamental Principles (Portfolio 5140):
- A comparison of for-profit and governmental accounting
- GASB standards and DAAP
- The financial reporting process, including the reporting entity and bases of accounting
Cost:
- Print copy: $400
- Contact for digital availability
15. Government Accounting for Fixed Assets: GASB Guidelines for Your Organization
@SageNAmerica
Sage provides this comprehensive guide to GASB guidelines to aid agencies in navigating the complex accounting rules and complying with reporting and depreciation requirements. GASB Statements 34, 42, and 51 are discussed in detail.
Three key points we like from Government Accounting for Fixed Assets: GASB Guidelines for Your Organization:
- GASB standards are not written into federal law, but are enforced either by state law or through the audit process.
- GASB Statement 34 requires government agencies to use accrual accounting and depreciate their capital assets for the first time.
- Capital assets should be reported at historical cost, which includes freight and installation costs, if applicable.
Cost: FREE
Journals, White Papers, and Other Publications
16. Journal of Accounting Education, Special Issue: Governmental and Not-for-Profit Accounting Education
@sciencedirect
Science Direct offers more than 2,500 peer-reviewed journals and 33,000 books, including the Journal of Accounting Education. The special issue concerning governmental and not-for-profit accounting education features original research articles covering U.S. government spending, the national debt, and the role of accounting educators, intentional learning for students in governmental and non-profit accounting, and more.
Three key points we like from Journal of Accounting Education, Special Issue: Governmental and Not-for-Profit Accounting Education:
- Philanthropy-based projects in accounting education
- Accounting education should incorporate active, self-directed learning
- Potential exceptions and modifications to U.S. GAAP for nonprofits
Cost: Articles available for purchase as PDF: $19.95 each
17. Journal of Governmental & Nonprofit Accounting
@aaahq
Founded in 1916, the American Accounting Association (AAA) promotes “worldwide excellence in accounting education, research, and practice.” Published by the Government and Nonprofit (GNP) section of the AAA, the Journal of Governmental & Nonprofit Accounting (JOGNA) is a publication that delivers timely information and ideas to the academic and practice communities.
Three articles we like from Journal of Governmental & Nonprofit Accounting:
Cost: FREE
18. AICPA Governmental Audit and Accounting Publications
@AICPANews
The American Institute of CPAs (AICPA) offers several publications to assist governmental and not-for-profit accounting and auditing professionals. Their collection of government accounting resources includes audit and accounting guides, audit risk alerts, and other helpful publications.
Three publications we like from AICPA Governmental Audit and Accounting Publications:
Cost: Prices vary by publication; Contact for price
19. GFOA Governmental Accounting, Auditing, and Financial Reporting Publications
@GFOA
The Government Finance Officers Association (GFOA) seeks to enhance and promote the professional management of governments for the public benefit. They offer several governmental accounting, auditing, and financial reporting publications online, including an elected official’s guide, a GAAFT supplement, a guide to evaluating internal controls for a local government manager, and more.
Three publications we like from GFOA Governmental Accounting, Auditing, and Financial Reporting Publications:
Cost: Prices vary by publication; Contact for price
20. GASB White Paper: Why Governmental Accounting and Financial Reporting Is – And Should Be – Different
@FAFNorwalk
The GASB, in independent organization, establishes and improves standards and accounting and financial reporting for U.S. state and local government. Their white paper, Why Governmental Accounting and Financial Reporting Is – And Should Be – Different, is highly regarded as one of the most important governmental accounting resources.
Three key points we like from GASB White Paper: Why Governmental Accounting and Financial Reporting Is – And Should Be – Different:
- The differences between for-profit business enterprises and governments require separate accounting and financial reporting standards
- Governments have a unique operating environment that leads to their accountability for resource usage that differs significantly from that of business enterprises
- There are several examples of how GASB standards address differences between governmental and business financial reporting, including the measurement and recognition of certain types of revenues, including taxes and grants
Cost: FREE
21. Back to Basics: An Overview of Governmental Accounting and Financial Reporting
@GFOA
Back to Basics: An Overview of Governmental Accounting and Financial Reporting was written by CPFO Michael A. Genito, commissioner of finance for the City of White Plains, NY and former GFOA Executive Board member. Genito explains his stance that “everyone involved in overseeing or managing government operations needs to understand the basics of public-sector accounting and financial reporting” and offers a straightforward look into governmental accounting and financial reporting to help readers understand those basics.
Three key ideas we like from Back to Basics: An Overview of Governmental Accounting and Financial Reporting:
- Accounting involves assembling, analyzing, classifying, and recording data that is relevant to transactions and events affecting government’s finances
- Accounting and financial reporting are similar, yet completely different terms, that often are used together
- Financial reporting can take one of three forms: internal finance reporting, special-purpose external financial reporting, and general-purpose external financial reporting
Cost: FREE
22. Will GASB 34 Induce Changes In Local Government Forecasting Practice? A Preliminary Investigation
Howard A. Frank, Gerasimos A. Gianakis, and Clifford P. McCue, authors of this report, conducted a national survey of local and county finance officers in 2005 to determine the likely impact and outcomes from the GASB 34 standards in theory vs. practice. On the surface, GASB 34 is perceived to possibly “induce an upgrading of local sector forecasting capacity as well as a reduction of tolerated forecast error,” and the survey results indicate that “respondents with graduate degrees who work in offices with forecasting software may respond to GASB 34 implementation in a manner consistent with this expectation.” However, others may be unlikely to “view the standard as a cue to enhance their forecast capacity,” in the early stages of the GASB 34 rollout.
Three key points we like from Will GASB 34 Induce Changes In Local Government Forecasting Practice? A Preliminary Investigation:
- GASB 34 represented one of the most significant – possibly the most significant – change in state and local government accounting requirements at the time it was introduced.
- GASB 34 aims to heighten accountability for public officials through a more transparent reporting engine.
- Local sector forecasting was largely understood as being well behind that of the private sector; GASB 34 aims to bridge this gap.
23. Asset Management and GASB 34 – Challenge or Opportunity?
@FAFNorwalk
Daniel Dornan, a vice president at Infrastructure Management Group, Inc., discusses the impacts of the introduction of GASB 34 requirements, which require state and local governments to include the value of public infrastructure, including assets such as roads and bridges, in their annual financial statements. According to Dornan, the accounting rule is likely to force state and local governments to allocate more funding for infrastructure preservation, and may introduce significant changes in the way infrastructure is financed and managed.
Three key points we like from Asset Management and GASB 34 – Challenge or Opportunity?:
- Public infrastructure has long been built with little to no regard for the costs and difficulty of operations and maintenance (O&M) needs.
- In 2000, governments spent nearly twice as much on capital projects as they did on O&M. This was true for all levels of government.
- Preserving our investment in assets such as highways would mean taking better care of them.
Cost: FREE
24. Asset Management and G.A.S.B. Statement 34: The Basics of Managing Your Infrastructure
Nicholas T. Nguyen, a Senior Associate at LA Consulting, Inc., provides a comprehensive overview of asset management within the context of GASB Statement 34. Nguyen points out, “The ultimate goal to is maximize your returns over the long run by careful management of your infrastructure, focusing on the elements that will best enhance the returns.” Nguyen shares insights on what GASB Statement 34 means for agencies, including a discussion of to what extent agencies should comply with the rule.
Three key points we like from Asset Management and G.A.S.B. Statement 34: The Basics of Managing Your Infrastructure:
- GASB 34 is an accounting rule seemingly designed to promote “active documentation and management of valuable public infrastructure assets.” Nguyen notes that the key word is “valuable.”
- An agency’s pavement network is likely its most critical asset and worthy of comprehensive management.
- Establishing capital renewal needs and developing maintenance level needs are both equally and critically important.
Cost: FREE
25. Primer: GASB 34
@USDOT
The U.S. Department of Transportation provides this FHWA Primer on the Governmental Accounting Standards Board’s Statement 34: Basic Financial Statements, including a management discussion and analysis, for state and local governments. This comprehensive primer on GASB 34 includes a discussion of infrastructure requirements, information on reporting infrastructure cost of use, implementation, and asset management information.
Three key points we like from Primer: GASB 34:
- GASB 34 was introduced in 1999 and represented a major shift in financial reporting standards for state and local governments.
- One new requirement is the use of government-wide statements, which include both a statement of net assets and a statement of activities.
- Asset management is now a critical framework for state and local governments, allowing government entities to make cost-effective resource allocation decisions.
Cost: FREE
Conferences, Forums, and Symposiums
26. AICPA Governmental Accounting and Auditing Update Conference (GAAC)
@AICPANews
August 10-11
Washington, DC
September 29-30
San Diego, CA
The AICPA Governmental Accounting and Auditing Update Conference (GAAC) is offered in two locations – Washington, DC, and San Diego in September. This governmental accounting conference offers in-depth training specific to federal, state, and local government areas. Attendees will hear from influential policymakers and government officials, who will provide insight on trending issues and new and pending standards. Network with peers and governmental experts in person. If you can’t attend in person, you also can attend the Virtual Conference remotely, in real time.
Cost to attend:
- Early Bird – Register by June 26, 2015
- Regular: $1,070
- AICPA Member: $770
- Virtual Conference: Contact for registration price
27. AGA PDT 2015
@AGACGFM
July 12-15
Nashville, TN
The Association of Government Accountants (AGA) is a member organization for financial professionals in government. Their training events, professional certification, publications, and ongoing educational opportunities and events help members build skills to advance their careers. That’s why PDT 2015, AGA’s Professional Development Training, is one of the must-attend annual governmental accounting events. With up to 24 CPE hours available to attendees, PDT joins top federal, state, and local government officials, plus those from academia and the private sector, for nearly four days of valuable training and networking.
Cost to attend:
- AGA Member Standard Registration – After June 12
- Member Online: $875
- Member Email/Mail: $900
- AGA Non-Member Standard Registration – After June 12
- Non-Member Online: $1,075
- Non-Member Email/Mail: $1,100
28. FICPA State and Local Government Accounting Conference Simulcast
@FICPA
August 27-28
Orlando, FL
The Florida Institute of Certified Public Accountants is a premier professional organization representing Florida’s CPAs. They offer the the State and Local Government Accounting Conference Simulcast, which is dedicated to the issues of CPAs in state and local government. Attendees will learn the changes for auditing under the new OMB Uniform Grant guidance, the necessary components of implementing GASB pension standards No. 68 and 71, and much more over two days. The conference qualified for 14 Accounting and Auditing CPE credits and 2 Technical Business CPE credits.
Cost to attend:
- Regular Price
- Member: $405
- Non-Member: $585
29. NSAA Annual Conference
June 10-12
Little Rock, Arkansas
The National State Auditors Association (NSAA) is a secretariat managed by the National Association of State Auditors, Comptrollers, and Treasurers (NASACT). Held each June, the NSAA Annual Conference is the association’s premier event, designed to provide ample opportunities for state auditors to network and hear industry leaders speak about current and emerging issues in governmental accounting and auditing. Featuring two and a half days of technical sessions, the NSAA Annual Conference gives attendees the opportunity to participate in CPE-accredited general sessions. The conference also features multiple peer networking opportunities and an NSAA business meeting.
Cost to attend:
- Member or member staff: $575
- Other governmental personnel: $650
- Non-governmental personnel: $725
- Guest: $150
30. 2015 NASBO Annual Meeting
@NASBO
August 9-12
Stowe, VT
The National Association of State Budget Officers (NASBO) will hold its 2015 annual meeting in Stowe, Vermont. Hosted by the Vermont Department of Finance & Management, the 2015 NASBO Annual Meeting features expert speakers on the national economy, state revenues, healthcare, and more. The 2015 NASBO Annual Meeting is open to all state budget offers, budget analysts, and support staff, as well as representatives from the federal government, state agencies, associations, educational institutions, and non-profits with an interest in state budget issues, including governmental accounting and auditing.
Cost to attend:
- Complimentary registration, lowest available coach airfare (up to $800), and four nights at the meeting hotel for one person, per state budget office, available for states current on their fiscal 2015 dues; Contact for more information
- NASBO member registration: $395
- Friends of NASBO: $900
31. NASACT Annual Conference
August 22-26
Chicago, IL
This year marks NASACT’s 100th anniversary conference, which is the association’s premier event. Held each August, the NASACT Annual Conference provides state auditors, state comptrollers, and state treasurers to network and here industry leaders speak on trending issues. CPE-accredited general sessions and breakout sessions allow NASACT’s members to address the specific concerns of their constituents. Keynote speakers will include Dr. Al Gini, Professor of Business Ethics and Chair of the Department of Management, School of Business Administration at Loyola University; Ron Elving, Senior Washington Editor and Correspondent, NPR News; Gene Dorado, U.S. Comptroller General; and Cynthia Storer, featured analyst in the HBO documentary on the hunt for Osama Bin Laden.
Cost to attend:
- Members and Members’ Staff: $700
- Lifetime members: $250
- Other government: $825
- Non-governmnet: $1,200
- Guests, age 18 and over: $250
- Guests, 17 and under: $75
32. 2015 Government Accounting & Auditing Conference
@LouisianaCPAs
November 9-10
Lafayette, LA
The Society of Louisiana Certified Public Accountants (LCPA) is the premier organization for CPAs in Louisiana, and it supports members through education, advocacy, and networking opportunities. Their 2015 Government Accounting & Auditing Conference will take place in November in Lafayette, and is one of their top annual conferences, providing the latest news and information on government accounting and auditing. Check back for the full agenda, which should be available soon.
Cost to attend:
- Early Bird – Through October 23
- LCPA Members: $399
- Non-Members: $599
- Single Day – LCPA Members: $265
- Single Day – Non-Members: $365
- Standard – After October 23
- LCPA Members: $449
- Non-Members: $649
- Single Day – LCPA Members: $315
- Single Day – Non-Members: $415
33. GFOA Annual Conference 2016
@GFOA
May 22-25, 2016
Toronto, ON, Canada
The Government Finance Officers Association’s Annual Conference will be held in Toronto, Canada, in May of 2016. Join thousands of public finance professionals from across the U.S. and Canada at this three-day conference to share ideas, develop technical and managerial skills, view new products, and network with peers while learning from recognized leaders in the government finance profession. Concurrent sessions will be offered to address current issues in government finance, government accounting, and government auditing.
Cost to attend: Contact for registration price
34. CalCPA Governmental Accounting and Auditing Conference
@Cal_CPA
Date TBD
Location TBD
Typically held in May, the CalCPA Governmental Accounting and Auditing Conference is CalCPA Education Foundation’s annual update for CPAs and financial professionals who work in governmental accounting and auditing. Hear from leaders in the sector and get updates on the most important current and proposed GASB standards. Be sure to mark you calendar for this government accounting conference and check back as details for the 2016 event are released.
Cost to attend: Contact for registration price
35. MSCPA Government Accounting & Auditing Conference
@MSCPACPE
Date TBD
Location TBD
The Massachusetts Society of Certified Public Accountants (MSCPA) is the state’s premier professional organization, counting more than 11,000 members in public accounting, industry and business, government, and education. The Society provides advocacy, continuing professional education, peer review, membership, communications, and academic and career development departments to help its members learn, connect, and excel in accounting. The MSCPA Government Accounting & Auditing Conference typically is held in June and features speakers who are among some of the top experts in government accounting and auditing. Be sure to check back for more details as the 2016 event is finalized.
Cost to attend: Contact for registration price
36. ASCPA 28th Annual Governmental Accounting & Auditing Forum
@alabamacpa
December 2-3
Montgomery, AL
The Alabama Society of CPAs (ASCPA) promotes the professional interests of Alabama’s CPAs. Their annual governmental accounting and auditing forum provides 16 hours of accounting and auditing education from premier speakers. With a focus on accounting and auditing for government and not-for-profit entities, the forum is an important event for accountants and CPAs in city and state government positions, as well as for the professionals who audit them.
Cost to attend:
- Early Bird Registration – Before November 18
- ASCPA Members: $300
- Non-Members: $350
- Standard Registration – Beginning November 18
- ASCPA Members: $350
- Non-Members: $400
37. VLCT Governmental Accounting & Auditing Symposium
@VLCTAdvocacy
June 16, 2015
Montpelier, VT
The Vermont League of Cities and Towns (VLCT) Governmental Accounting & Auditing Symposium is a one-day annual event that delivers a comprehensive series of educational sessions about governmental accounting and auditing. Presented by CPAs and state and local government officials, the symposium highlights important updates and information from the GASB, along with other legislative changes and new requirements concerning government accounting and auditing. Attendees have the ability to earn CPE credits for attendance.
Cost to attend:
- VLCT PACIF, VASBO: $60
- VLCT Member: $90
- Non-Member: $160
Organizations
38. Governmental Accounting Standards Board (GASB)
@FAFNorwalk
An independent organization, the Governmental Accounting Standards Board (GASB) seeks to establish and improve standards of accounting and financial reporting for U.S. state and local government. GASB was established in 1984 by the Financial Accounting Foundation (FAF) and is recognized by governments, the accounting industry, and capital markets as the official source of generally accepted accounting principles (GAAP) for state and local governments. The GASB website is an important government accounting resource, offering links to standards and guidance, projects, meetings, and much more.
Three key resources we like from Governmental Accounting Standards Board:
Cost: Pricing varies by resource; Contact for a price
39. Association of Government Accountants (AGA)
@AGACGFM
The Association of Government Accountants (AGA) is a member organization for financial professionals in government. AGA seeks to lead and encourage the change that benefits the field through training events, professional certification, publications, and ongoing education. AGA provides several government accounting resources to achieve their goal, including links to AGA programs, including training events and publications.
Three key resources we like from Association of Government Accountants (AGA):
Cost: Contact for membership dues price
40. American Accounting Association: Government and Nonprofit Section
@aaahq
The largest community of accountants in academia, the American Accounting Association (AAA) was founded in 1916. Viewed as though leaders in accounting, AAA members “shape the future of accounting through teaching, research and a powerful network.” The Government and Nonprofit (GNP) Section of AAA offers a variety of resources in order to promote that teaching and research for the government and not-for-profit communities.
Three key resources we like from American Accounting Association: Government and Nonprofit Section:
Cost:
- Regular dues: $30
- Student dues: $6
Trainings, Videos, Webinars, and Workshops
41. AICPA National Governmental and Not-for-Profit Training Program
@AICPAconfs
October 19-21
New Orleans, LA
The 2015 AICPA Governmental and Not-for Profit Training Program will provide guidance on compliance, ethics, and governance issues specific to governmental and not-for-profit entities. Attendees will gain an awareness and comprehension of the latest regulatory changes, in order to be prepared to comply with the current rigorous standards. There are 29.5 possible CPE credits attached to the training, which is recommended for government accountants, auditors, controllers, CPAs in public practice, and others in government and not-for-profits.
Cost to attend: Early Bird Registration – By September 4
- Regular: $1,220
- AICPA Member: $920
42. Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting
@GFOA
August 3-7
Chicago, IL
This GFOA Accounting Academy is geared toward government accountants and auditors, especially those who are new to the public sector. Over the course of the intensive five-day workshop, government accountants will gain a solid understanding of the highly specialized rules, guidelines, and practices applicable to state and local governments. The GFOA Accounting Academy combines lecture, discussion, and exercises to address several areas including fund accounting, government-wide financial reporting, budgetary reporting, and many more. There are 32 CPE credits for this training.
Cost to attend:
- Member price: $1,100
- Non-member price: $1,500
43. Advanced Governmental Accounting
@GFOA
August 18-19
Minneapolis, MN
Advanced Governmental Accounting is a live training offered by the Government Finance Officers Association that offers 16 CPE credits. The training is best for government accountants and financial reporting professionals who have at least two years of experience, or who have attended the GFOA Intermediate Governmental seminar or an equivalent program. Attendees will take a detailed examination of selected governmental accounting topics, with an emphasis on the practical application of generally accepted accounting principles.
Cost to attend:
- Member price: $580
- Non-member price: $790
44. Governmental Accounting (Understanding J/E’s, For Budget, Revenues, Expenses, Transfers, Closing)
@amursau
Allen Mursau, CPA, has more than 7,600 subscribers to his YouTube channel, which has had more than 2,190,000 views since March 2012. In this Governmental Accounting video, Mursau explains governmental accounting in detail, through the lens of recording journal entries. With more than 14,900 views, this government accounting video is specific to governmental fund accounting is nearly 37 minutes long.
Three key topics we like from Governmental Accounting (Understanding J/E’s, For Budget, Revenues, Expenses, Transfers, Closing):
- 3 types of journal entries made during accounting period: budgetary, operating, and closing
- General fund with examples
- Accounting for revenues (cash and accrual versus modified accrual)
Cost: FREE
45. Governmental & Not-For-Profit Accounting: Professor Bora – Lecture #1
@RutgersU
@RBSExecEd
@irfanbora
In this government accounting video, Professor Irfan Bora, Director of the Rutgers online Master in Accountancy Program in Governmental Accounting, gives an overview of governmental accounting for state and local governments. The two-and-a-half hour lecture covers several governmental accounting topics, including the difference between operational and fiscal accountability, a comparison of the modified accrual basis of accounting and the accrual basis of accounting, government-wide and fun financial statements, and many others. For your convenience, the video lists discussion topics with time stamps so viewers can view the sections of the lecture that are of most interest to them.
Three key topics we like from Governmental & Not-For-Profit Accounting: Professor Bora – Lecture #1:
- Governmental accounting practices description
- Required financial statements
- Governmental funds
Cost: FREE
46. Governmental Accounting: Encumbrances and Expenditures
@_BetaAlphaPsi
Beta Alpha Psi is the international honor organization for accounting, finance, and information systems students and professionals. They offer several tutoring videos on YouTube, and their Governmental Accounting: Encumbrances and Expenditures video is a tutorial focusing on a problem explaining modified accrual accounting for governmental entities. The video is a suitable governmental accounting resource for government accounting students or those new to governmental accounting.
Three key topics we like from Governmental Accounting: Encumbrances and Expenditures:
- Modified accrual accounting for governmental entities
- How to record encumbrances in the ledger
- How to record expenditures in the ledger
Cost: FREE
47. Advanced Accounting – Governmental Accounting
@RutgersU
@RBSExecEd
Dr. Alexaner Kogan is a founder of Rutgers Accounting Web (RAW), the oldest and largest accounting website on the internet. RAW materials are available for use by accounting scholars, practitioners, educators, and students. In this government accounting video, Professor Kogan introduces governmental accounting and explains how the field uses the GASB method in his lecture.
Three key topics we like from Advanced Accounting – Governmental Accounting:
- 2 steps of financial statements
- Statements of net assets and activities
- Basic fund financial statements
Cost: FREE
48. Nonprofit & Government: 13-2 Modified Accrual
@JGunyou
John Gunyou offers straightforward lessons and discussions regarding nonprofit and public finance in his government accounting videos on YouTube. With more than 40 years in the field, Gunyou shares observations that are “widely respected by citizens, bureaucrats and politicians alike, because he’s been there.” In this ten-minute government accounting video, Gunyou clearly explains modified accrual accounting using his entertaining style.
Three key ideass we like from Nonprofit & Government: 13-2 Modified Accrual:
- Modified accrual accounting includes revenue when measurable and available
- Modified accrual accounting includes expenses when a legal obligation exists
- With modified accrual accounting, you recognize expenses when you receive delivery
Cost: FREE
49. How To Remember Fund Types For Governmental Accounting
@PedersonCPA
Rob Pederson, of Pederson CPA Review, offers courses to help people pass the CPA Exam using real-world examples from his nearly 20 years of experience. His governmental accounting video, How To Remember Fund Types For Governmental Accounting, is a nearly 12-minute video that demonstrates various ways to easily recall the various types of funds for governmental accounting.
Three key ideas we like from How To Remember Fund Types For Governmental Accounting:
- It is helpful to think of funds as different categories
- Mnemonic devices and pictures are proven study tools, so thinking of fiduciary funds (pension, investment, private purpose, agency) as fuchsia colors with Pippa Middleton wearing a fuchsia shirt is a helpful way to remember that fund type
- Governmental funds include general, special revenue, permanent, debt service, and capital projects, so think of a green St. Patrick’s Day clover
Cost: FREE
50. Webinar – Intermediate Government Accounting
The Pennsylvania State Association of Boroughs (PASB) offers its Intermediate Government Accounting webinar for participants who have a working knowledge of governmental accounting. The webinar is designed for those professionals who need to be refreshed on GASB 34 basic concepts, capitalization of fixed assets, and GASB 54. This government accounting webinar is scheduled for September 17 at noon.
Three key topics we like from Webinar – Intermediate Government Accounting:
- A review of accounting basis
- Types of funds
- Fund accounting and classification and their composition in the government’s basic financial statements
Cost:
- Member rate: $40
- Non-member rate: $75
51. Latest Developments in Governmental Accounting and Auditing 2015 (GVAA)
@SurgentCPE
Surgent, one of the nation’s leading providers of continuing professional education (CPE) for CPAs, offers this governmental accounting webinar, which will take place September 3 from 9am – 5pm. The webinar is designed for auditors and industry professionals working in the governmental environment who have a knowledge of government accounting and auditing.
Three key topics we like from Latest Developments in Governmental Accounting and Auditing 2015 (GVAA):
- The December 2013 OMB release of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which will being affecting auditors and auditees in 2015
- Continuing issues and challenges involving Yellow Book
- Recent GASB activities, specifically the pension standards (GASB Nos. 67 and 68)
Cost: $219
52. Governmental Accounting and Reporting
@AICPAconfs
This AICPA government accounting workshop, moderated by Robert Smith, Jr., Ph.D., CPA, CCFM, is available both in text and on demand. A CPE course, Governmental Accounting and Reporting is intended for professionals who are familiar with basic state and local government accounting concepts and want to deeply examine the fundamentals, including how to prepare Agency Fund, Internal Service Fund, Investment Trust Fund, and Special Revenue Fund financial statements.
Three key topics we like from Governmental Accounting and Reporting:
- Foundations of government accounting
- Preparing the government-wide financial statements
- Introduction to GASB Statement Nos. 67, 68, and 69
Cost:
- Regular Member: $168.75
- AICPA Member: $135
53. Governmental Accounting and Auditing Update
@AICPAconfs
The Governmental Accounting and Auditing Update follows a workshop format and is moderated by Lynda Dennis, CPA, CGFO, Ph.D. The workshop is suited to accounting and financial personnel who are responsible for accounting and financial reporting for governments and auditors for governments. Governmental Accounting and Auditing Update offers the latest information on governmental accounting and auditing requirements by helping participants analyze the recent GASB requirements and understand OMB Circular A-133 and Yellow Book requirements.
Three key topics we like from Governmental Accounting and Auditing Update:
- Federal government activities
- ASB clarity project
- GASB activities
Cost:
- Regular Member: $195
- AICPA Member: $159
54. GASB Statement No. 68 Audit and Accounting Workshop
@AICPAconfs
This AICPA workshop focuses on GASB Statement NO. 68 and the way in which it “changes the playing field for governmental entities.” Moderated by Robert Scott, CPA, the workshop provides practical examples that illustrate the new accounting requirements to enhance government accountants’ understanding of the changes. Participants will work through case studies that address best practice solutions for auditing state and local governments with agent and cost-sharing plans.
Three key topics we like from GASB Statement No. 68 Audit and Accounting Workshop:
- GASB Statement No. 68 accounting by governmental employers
- Best practice solutions for auditing single and multiple-employer plans
- Pension plan disclosures
Cost:
- Regular Member: $168.75
- AICPA Member: $135.00
55. WGFOA 2015 Governmental Accounting Workshops
@sikichllp
June 17-18
Brookfield, WI
June 24-25
Menasha, WI
July 8-9
Madison, WI
The Wisconsin Government Finance Officers Association (WGFOA) presents three different opportunities to attend their 2015 government accounting workshops throughout the summer. These two-day workshops feature instructors Frederick G. Lantz, CPA, Partner-in-Charge, Government Services, Sikich LLP, and Marc DeVries, CPA, Director of Government Services – Wisconsin, Sikich LLP.
Three key topics we like from WGFAO Accounting Workshops 2015:
- Application of governmental accounting principles
- Advanced governmental accounting
- Governmental accounting and financial reporting update
Cost:
- Introduction to Governmental Accounting & Financial Reporting
- Employees of governmental units: $40
- Non-governmental employees: $65
- Application of Governmental Accounting Principles
- Employees of governmental units: $40
- Non-governmental employees: $65
- Advanced Governmental Accounting
- Employees of governmental units: $40
- Non-governmental employees: $75
- Governmental Accounting & Financial Reporting Update
- Employees of governmental units: $40
- Non-governmental employees: $75
56. Governmental Entities & GASB 34-35
@RealAssetMgmt
Alfred M. King, CFA, of Real Asset Management discusses the ins and outs of GASB 34 and what changes the new rule brings for government entities in this video. King notes that GASB 34 essentially means that governmental units are now required to do exactly what companies have been doing for 40 to 50 years.
Three key points we like from Governmental Entities & GASB 34-35:
- Government entities now must compute and report the depreciation expense related to their assets.
- Taxpayers will benefit dramatically from knowing exactly what it is money is being spent on and the annual cost of depreciation or maintenance is for the ownership of those assets.
- GASB 34 and 35 were a great step forward and long overdue, despite objections from government accountants due to the modest increase in cost of government, due to the clear benefits of increased transparency for taxpayers.
Cost: FREE
57. GASB 34: Basic Financial Statements for State and Local Governments
@CPETTaxAcctng
This online, self-study course offered by MicroMash through Checkpoint Learning offers 8 CPE credits. An intermediate-level course in accounting and auditing aims to simplify the 400-page GASB 34 document, providing students with essential information on requirements, implementation, and compliance.
Three things you’ll learn from GASB 34: Basic Financial Statements for State and Local Governments:
- The basic financial reporting requirements for state and local governments set forth by GASB 34
- Basic financial statements and required supplementary information (RSI)
- The statement’s major provisions
Cost: $120
58. GASB Basic Financial Statements for State and Local Governments
This webinar is offered by the West Virginia Society of Certified Public Accountants and offers 8 credits for attendees. “This course will build your understanding of GASB 34 and provide an update of GASB-related pronouncements, exposure drafts and future agenda items.” This webinar is designed for CPAs who serve government entities and are responsible for financial reporting, in addition to government officials responsible for preparing financial statements.
Key objectives for GASB Basic Financial Statements for State and Local Governments:
- Identify basic GASB financial statements
- Determine key technical elements, plus analytical and statistical matters
- Recognize accounting, financial reporting and disclosure issues
- Identify GASB pronouncements, exposure drafts and future agenda items
Cost:
- Member Fee: $275
- Non-Member Fee: $375
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