LSL Government Audit, Accounting & Technology (GAAT) Update 2024
Wednesday, May 1, 2024
This presentation has concluded.
If you have any questions about the presentations, reach out to the presenters below!
GASB Update & Upcoming Projects: What’s on the horizon?
LSL Partner, Ryan Domino, CPA will start the day off with a brief recap of GASB 96 and compensated absences, plus explore upcoming GASB pronouncements – whether they are in exposure draft form or in deliberation. Gain insights into what lies on the horizon and be prepared for the changes to come to local government finance departments.
(1 CPE credit)
Year-End Close Best Practices: How to get caught up!
LSL Partners, Brandon Young, CPA and Kelly Telford, CPA understand that navigating the aftermath of COVID-19 is no easy task. Learn strategies to bring your government finance department back on track, avoid audit pain points and address persistent challenges like fixed assets, long-term debt, and cash bank reconciliations. Get the building blocks to rebuild your year-end close timeline to empower your staff and keep them on task.
(1 CPE credit)
Impact Fees: What every organization needs to know
Kickoff the afternoon with LSL Partner Christian Townes, CPA and Manager Amber Haston to stay informed about compliance requirements surrounding Impact Fee Reports in California, best practices around tracking fees, and what to do if you aren’t compliant. Gain insights into current legislative developments and understand the implications for your government accounting practices. Be equipped to navigate the complexities of compliance with confidence.
(1 CPE credit)
Technology Solutions: Automation within your finance department
Embrace the future of finance with AI, GenAI, automation, and more with LSL Partner Gail Gray, CPA and Manager Matt Freitas, CPA. Revolutionize your accounting processes by automating financial reporting and other departmental tasks. Discover how technology can enhance efficiency, allowing you to accomplish more with fewer resources.
(1 CPE credit)
Agenda (PST):
8:00 – 9:00 am 1 hour In-person Check-in
9:00 – 9:10 am 10 minutes Introduction – Managing Partner, Bryan Gruber, CPA
9:10 – 10:00 am 50 minutes GASB Update & Upcoming Projects: What’s on the horizon? – Ryan Domino, CPA
10:00 – 10:10 am 10 minutes Questions for Ryan
10:10 – 10:20 am 10 minutes BREAK
10:20 – 11:10 am 50 minutes Year-End Close Best Practices: How to get caught up! – Kelly Telford, CPA and Brandon Young, CPA
11:10 – 11:20 am 10 minutes Questions for Kelly & Brandon
11:20 – 11:30 am 10 minutes RAFFLE TIME
11:30 – 12:30 pm 1 hour LUNCH BREAK
12:30 – 1:20 pm 50 minutes Impact Fees: What every organization needs to know – Christian Townes, CPA and Amber Haston
1:20 – 1:30 pm 10 minutes Questions for Christian & Amber
1:30 – 1:40 pm 10 minutes BREAK
1:40 – 1:50 pm 10 minutes RAFFLE TIME
1:50 – 2:40 pm 50 minutes Technology Solutions: Automation within your finance department – Gail Gray, CPA and Matt Freitas, CPA
2:40 – 2:50 pm 10 minutes Questions for Gail & Matt
End by 3:00 pm 10 minutes WRAP UP
Get a Sneak Peek at Your Presenters
FAQs
Yes! 4 CPE credits will be provided to those that meet the requirements. If you are watching the presentation virtually via Zoom livestream, you MUST answer ALL of the polling questions to be considered in compliance.
No problem! You can sign up to watch virtually via Zoom! We’re also recording each live session, so you can access them at your leisure on the resources page after the presentation day is over. Keep in mind that CPE credit will NOT be available for recorded sessions.
The Client Training that is mentioned in our contracts is specific to one-on-one training. Because the GAAT Update is an external function that we are offering to the public, it is not considered training under our current client contract.
Yes! Both the live session & virtual Zoom live stream cost $95 per attendee. Group watching is not permitted. You are able to sign up more than 1 person at a time, but you need to pay for each attendee.
Course Objectives
Participants will gain an understanding upcoming GASB Updates, GASB 96 implementation strategies, and advice on increasing efficiencies in your finance department from LSL and your peers.
GASB Update & Upcoming Projects: What’s on the horizon? | Ryan Domino, CPA
Understand the key provisions and implications of upcoming GASB pronouncements: Participants will gain a comprehensive understanding of the latest GASB pronouncements, including their objectives, requirements, and potential impact on financial reporting for governmental entities.
Apply knowledge of GASB standards to financial reporting: Attendees will learn how to integrate the newly issued GASB pronouncements into their financial reporting processes, ensuring compliance and accuracy in presenting financial information in accordance with governmental accounting standards.
Evaluate the potential impact on organizational policies and procedures: Participants will be equipped to assess how the upcoming GASB pronouncements may necessitate changes in their organization’s policies and procedures, allowing them to proactively address any challenges or adjustments required for implementation.
Foster effective communication on GASB-related changes: The course aims to enhance participants’ communication skills, enabling them to effectively convey the implications of upcoming GASB pronouncements to relevant stakeholders, such as management, auditors, and governing bodies, fostering a smooth transition and understanding of the changes.
Year-End Close Best Practices: How to get caught up! | Kelly Telford, CPA & Brandon Young, CPA
Evaluate various steps to take at year-end to make sure your books are correct
Aligning responsibilities within your team to ensure no one person bears the weight
How to find efficiencies in your year-end close process
Impact Fees: What every organization needs to know | Christian Townes, CPA & Amber Haston
Education of Impact Fees – what they are and best practices for tracking and spending within compliance requirements.
Understand pending legislation and potential impacts for your organization.
Learn about reporting requirements of impact fees.
Technology Solutions: Automation within your finance department | Gail Gray, CPA & Matt Freitas, CPA
Grasp Key Technologies: Understand how AI, GenAI, automation, and Office 365 Copilot drive finance and accounting forward.
Automate and Innovate: Learn to automate financial reporting and enhance departmental efficiency with cutting-edge tools, including Robotic Process Automation (RPA).
Optimize with Copilot: Discover how Office 365 Copilot can transform accounting tasks, improving productivity.
Implement with Insight: Develop strategies for integrating advanced technologies into accounting workflows for better outcomes.
Accounting and finance department team members.
None.
4.0 Auditing – Governmental
“Group Internet Based” – provided in accordance with NASBA’s Guidelines and in person event. The in person live event was livestreamed via Zoom Webinar.
A full refund will be issued if cancellation is made 7 days prior to event – April 24, 2024. Cancellations after April 24 will not be refunded. Should this event be cancelled, LSL will issue a full refund.
