Last year’s slowdown in standard-setting is now behind us and some significant changes are now on the horizon. There are a number of standards requiring implementation this year or soon after, including the new Fiduciary Activities standard, the new Leases accounting standard, and a case study approach for assistance with implementing the leases standard. This session will cover both of these standards in detail, but also take a quick look at several other standards soon to be in play and a glance at the future of what standard-setting will look like from the governmental accounting perspective for the next several years.
Upon successful completion of this course, participants will be able to:
- Review standards awaiting implementation by effective date, including fiduciary activities and leases
- Learn implementation tips and tricks
- Gain insight into the future of where governmental accounting standard-setting is going
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