Tribal Government Accounting Update

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Tribal Government Accounting Update

3/22/2018 09:00 AM - 04:00 PM (MT)

WHY ATTEND

Having strong internal controls and understanding the rules governing how you can and cannot spend federal dollars are keys to fiscal management and overall compliance in your organization. 

Professionals new to the organization, as well as professionals who have been there for decades, will benefit from this overview of:

• Uniform Guidance, including the latest updates
• Requirements for Single Audits under Uniform Guidance
• Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (general overview)
• GASB 87 Leases and GASB 84 Fiduciary Activities, including updates to GASB guidance on fiduciary Component Units
• GASB 34 and Fund Accounting, including government-wide financial statements, component unit reporting, and fund statements 

This training will review the regulations you need to know to stay in compliance through examples, stories, and best practices learned from years of auditing and consulting. Take back up-to-date and relevant information to implement immediately in your agency.

Wipfli-JOSEPH EVE’s nonprofit experts have been presenting the highest-quality training for more than 40 years. Participants declare Wipfli training “empowering,” “outstanding,” “meaningful,” “invaluable,” and “relevant.” At this workshop, our experts will provide you with in-depth training relating to financial management and administration.

TRAINING WORKSHOP OUTLINE

Advanced Preparation: None
Level: Intermediate 
Prerequisite: None
Field of Study: Accounting (Governmental)
CPE*:  6.0 credits

OMB Single Audit Update, GASB 87 Leases, and GASB 84 Fiduciary Activities

In the OMB Single Audit Update, you will get an overview of Uniform Guidance, requirements for Single Audits under Uniform Guidance, and general overview of Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, along with the latest 2017 Uniform Guidance updates. 

Our GASB 87 Leases and GASB 84 Fiduciary Activities will include an overview of new GASB pronouncements that will have a significant impact on accounting for leases and the reporting of fiduciary activities, including updates to GASB guidance on fiduciary component units. 

Learning Objectives:

1. Understand general audit and compliance requirements under Uniform Guidance.
2. Understand the changes and updates applicable to the 2017 Uniform Guidance.
3. Know the requirements for accounting for leases under GASB 87 along with the reporting requirements.
4. Understand the changes regarding fiduciary activities as clarified in GASB 84.

Introduction and Overview of GASB 34 and Fund Accounting

This session is an introduction to and overview of governmental accounting and reporting under GASB 34 including overview of government-wide financial statements, component unit reporting, and fund statements. 

Learning Objectives:

1. Understand the basic accounting differences in government-wide financial statements.
2. Obtain a general understanding of fund account principles.
3. Learn the latest updates in proposed changes related to the GASB reporting model.

DAILY SCHEDULE

Thursday, March 22, 2018

REGISTRATION FEE

• Early-bird rate:  $299 per person if registered by February 22, 2018
• Regular rate:  $399 per person if registered after February 22, 2018

Registration fees include:

• Up to 6 CPE credits in accordance with the standards of the National Registry of CPE Sponsors. CPE credits are granted based on a 50-minute hour.
• Training workbook.
• Reference materials (any PowerPoint presentations and/or additional references) available for download.
• Refreshment breaks.

Cancellation Policy
Substitutions may be made at any time. All cancellations must be confirmed by Wipfli-JOSEPH EVE at least 10 days prior to the event date in writing by email, letter or fax. Cancellations occurring less than 10 days from the event date will be charged a $100 processing fee. Paid registrants will receive a tuition credit minus applicable processing fees. Full tuition will be charged for any registrant who does not show up for the event and has not confirmed their cancellation prior to the start of the event. Wipfli-JOSEPH EVE is not responsible for non-refundable airline tickets and other expenses.

*CPE

National Registry of CPE Sponsors: Wipfli LLP 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: www.NASBARegistry.org.

Instructional Delivery: Group-Live.  For more information regarding administrative policies, such as complaint, cancellation, and refund policies, please contact our offices at 888.876.4992.