NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management.

The General Accounting Office is pleased to announce a Webinar that will be hosted by The National Association of State Auditors, Comptrollers and Treasurers (NASACT), in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, the latest in its series of training events addressing timely issues in government auditing and financial management.

As fiscal year-end for most state governments quickly approaches and a new year begins, it’s an opportune time for financial statement preparers and auditors to get a refresher on standards that will be effective for June 30, 2012, financial statements as well as recently released GASB statements that will require attention in fiscal year 2013. 

This webinar will provide “must know” guidance from GASB statements issued in the past year, including:

• Statement 63 - Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position


• Statement 64 - Derivative Instruments: Application of Hedge Accounting Termination Provisions-an amendment of GASB Statement No. 53


• Statement 65 - Items Previously Reported as Assets and Liabilities



• Statement 66 - Technical Corrections - 2012 - an amendment of GASB Statements No. 10 and No. 62

Also included will be coverage on previously-issued GASB statements that are effective for June 30, 2012 and 2013.  For 2012, these statements include:   

• Statement 57, paragraph 8 - Agent OPEB Plans


• Statement 59 - Financial Instruments
  Omnibus

Statements effective for 2013 are:

• Statement 60 - Service Concession Arrangements


• Statement 61 – Financial Reporting Entity


• Statement 62 - Codification of AICPA and FASB Pronouncements

GASB will also highlight other important current projects including pension accounting and economic condition – financial projections. 

Join GASB chair Robert Attmore, GASB director of research David Bean, and other GASB staff for this informative two-hour training session. 

This audio conference offers important information to almost everyone in the accountability profession. Please share this program announcement with others in your agency. Please be advised that this presentation may have limited interest and applicability to some State agencies. It is being offered to all State agencies as an opportunity for their employees to gain Continuing Professional Education (CPE) at no cost. Attendance is voluntary.

The conference offers 2 CPE credits and has limited space available.

Date: July 18, 2012

Time: 11:00 a.m. – 1:00 p.m. Arizona Time.

style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" class=MsoNormal>Location:  Department of Administration General Accounting Office 100 N 15th Avenue Suite 302.
**You may bring your lunch if you wish. Currently the ADOA Building does not have a cafeteria.
For a map, click here:
http://www.mapquest.com/maps?city=Phoenix&state=AZ&address=100+N.+15th+Avenue&zipcode=85007

Parking information:
Please park on the lot north of the parking garage or the northeast corner of 15th Avenue and Adams. There are two disabled parking spaces in the visitor section of the garage and three disabled parking spaces in the northeast surface lot. These spaces are NOT restricted by the "2 Hour Visitor Parking" signs.

Registration Information: Space is limited, so reserve your place early

To register:
Visit YES at https://yes.az.gov
Sign in with your Username (your Employee ID Number) and your password.
Click on “Employee Training” under the “Home” tab in the leftmost column.
Then, click on “Registration by Category” under the “Employee Training” tab.
Next, click on “GAO Training & Events” in the “Categories” column.
Under “Courses,” click on the course “GAO071812”
Finally, click on Session Number 718.

CPE: Two credits

The National Association of State Auditors, Comptrollers and Treasurers 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the web site www.nasba.org.