What makes fund balance classifications meaningful to financial statement users? Why did GASB move investment reporting toward fair value measurements? How did these standards reshape governmental financial reporting?

These are just a few of the topics we’ll discuss as we revisit GASB 54, GASB 31, and GASB 72.Join LSL Manager Heather Flores, CPA, as she explores the evolution of fund balance reporting, investment accounting, and fair value measurement, while connecting these foundational standards to the reporting requirements governments continue to navigate today.

Heather will also take questions through a live Q&A.

How should gains and losses from debt refundings be reported? Why were specific standards needed to address refunding transactions? How has governmental debt reporting evolved over time? These are some of the questions we’ll examine as we revisit GASB 7 and GASB 23.

Join LSL Manager Chloe Zabrek, CPA, as she discusses the historical reporting challenges surrounding debt refundings, reviews the key requirements of both standards, and explains how their guidance continues to influence reporting practices today.

Chloe will also take questions through a live Q&A.

What did governmental financial statements look like before government-wide reporting? Why was Management’s Discussion and Analysis introduced? How did GASB 34 transform the way governments communicate financial information? These are just a few of the topics we’ll revisit as we explore one of the most influential standards in GASB history.

Join LSL Manager Nicholas Keathley as he walks through the origins of GASB 34, discusses the reporting challenges it was designed to solve, and explains why its concepts continue to serve as the foundation for governmental financial reporting today.

Nicholas will also take questions through a live Q&A.

What exactly is a deferred outflow of resources? Why were certain balances moved off the asset and liability sections of the financial statements? How did GASB 65 change the way governments present deferred charges and credits?

These are some of the questions we’ll explore as we revisit GASB 65 and its lasting impact on governmental financial reporting.

Join LSL Senior Manager Berrett Warnick, CPA, as he discusses the reporting challenges that led to GASB 65, explains the introduction of deferred inflows and deferred outflows of resources, and examines how the standard continues to influence financial statements today.

Berrett will also take questions through a live Q&A.