Governmental & Nonprofit Annual Update (2012- 2013 Edition)

Change is inevitable and at times overwhelming if you are unprepared. This time tested update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits.

• Review recent federal activities related to the 2011 Yellow Book revision and A-133 audits
• Readily understand recent AICPA pronouncements and activities related to compliance auditing; RSI; and the clarity project
• Review fair value measurement issues pertaining to not-for-profits
• Review recent AICPA Technical Questions and Answers related to not-for-profit entities
• Review recent FASB activities relating to not-for-profits
• Review recent GASB pronouncements relating to: fund balance reporting and governmental fund type definitions; the accounting and financial reporting for Chapter 9 bankruptcies; the financial instruments omnibus; accounting and financial reporting for service concession arrangements; the financial reporting entity omnibus; and the codification of accounting and financial reporting guidance contained in pre-November 30, 1989 FASB and AICPA pronouncements

Prerequisite: Basic knowledge and experience in governmental and nonprofit accounting and auditing

Advanced Preparation: None

In this 240-min video, W.A. Broadus, Jr., CPA, CGFM, president of W.A. Broadus, Jr., CPA, PC, a respected consultant in the governmental and nonprofit area, employed for several years with the GAO, and author of many AICPA professional development courses, interviews David R. Bean, CPA, director of research and technical activities, GASB; Peter B. Bell, CPA, CGFM, consultant and trainer, employed for several years with HUD; Marcia B. Buchanan, CPA, CGFM, assistant director, GAO; James R. Dalkin, CPA, CGFM, director, GAO; Allen L. Fetterman, CPA, lecturer and  retired partner of Loeb & Troper; John H. Fisher, CPA, CGFM, manager, HHS, OIG; Mary Foelster, CPA, AICPA director–Governmental Auditing and Accounting; Charles Landes, CPA, AICPA vice president–Professional Standards; Jeffery Mechanick, CPA, MBA; assistant director, FASB; Terry Ramsey, CPA, senior technical advisor, HHS; James S. Remis, CPA, partner, Federman, Lally & Remis, LLC; and George A. Rippey, CPA, retired deputy assistant IG for audit, U.S. Dept. of Education.

*The DVD course contains the video presentation and access to a viewable copy of the Manual.