2020 GAU Course Description

Date:

June 4, 2020 | 8:15 a.m. to 4:50 p.m.

Location:

Web-based Virtual Conference

Objective:

To gain an understanding of recent activities of the Governmental Accounting Standards Board (GASB) and other topics including data security, cyber threats, and compliance.

Content:

GASB Update - Chris Pembrook, Crawford & Associates

GASB 84, Fiduciary Activities - including the Implementation Guide No. 2019-2
GASB 87, Leases - including the Implementation Guide No. 2019-3
GASB 89, Accounting for Interest Cost Incurred before the End of a Construction Period
GASB 90, Majority Equity Interests - an amendment of GASB Statements 14 and 61
GASB 91, Conduit Debt Obligations
GASB 92, Omnibus 2020
GASB 93, Replacement of Interbank Offered Rates
GASB 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
Implementation Guide No. 2019-1-Implementation Guidance Update
GASB Exposure Draft, Postponement of the Effective Dates of Certain Authoritative Guidance
GASB Exposure Draft, Certain Component Unit Criteria and Accounting and Financial Reporting for IRC 457 Deferred Compensation Plans

Instructors:

Chris Pembrook - Crawford & Associates
Denise Hill, Janice Ratica, Tom McNeish, Jimmy Buddenberg and Ira Bedenbaugh - Elliott Davis

CPE Credit Offered:

Up to eight hours

Fields of Study:

Accounting - Governmental, Taxes, Information Technology, Specialized Knowledge

Materials:

Available in advance on the OSC web page

Instructional Delivery Method:

Group internet based

Lunch:

12:05 p.m. – 1:05 p.m. (on your own)

Prerequisites:

Must be employed by a State agency or institution that is part of the State financial reporting entity (i.e., an entity included in the State’s Comprehensive Annual Financial Report)

Advance Preparation:

None

Level:

Basic

DEVELOPER: Crawford & Associates, PC and Elliott Davis

SPONSOR: NC Office of the State Controller

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