LSL GASB Update 2022

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Thursday, April 21st, 2022

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The New Normal: Adapt & Adjust

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You have so much more work to do as a result of the events over the last few years. Finance Directors and staff have had to wear many hats while doing more with less.

In addition to the usual GASB updates, this year’s training will show you how to break up with SALY (same as last year) and commit to new ways in being more efficient and effective.  And, the LSL team will provide strategies you can implement to leverage technology & outsourced resources to do the same work with less people.

A message from LSL Partner, Debbie Harper, CPA

Join the LSL team as we livestream this year's update!

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The LSL team is excited to be back for our annual GASB Update on Thursday, April 21st, 2022 for the annual LSL GASB Update.

Although our in-person option is sold out, you can still join us  livestream via Zoom for a day of jam-packed training

Cost: $95 per attendee.

GASB 87 & 96 Updates

LSL Assurance Partner, Debbie Harper, CPA, will cover:

GASB 87: guidance on accounting and financial reporting for leases:

  • Struggles to implement that we have seen and solutions.
  • What you can do if you haven’t implemented 87 yet.

GASB 96: guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users:

  • Consider early implementation with GASB 87 lease reporting (implement along with GASB 87 – find a solution to do BOTH!)
  • Avoid restatements pitfalls for leases that will fall under GASB 96: get it done in one swoop

 

(1 CPE credit)

GASB 94 & 97 Updates 

LSL Assurance Partner Ryan Domino, CPA, will cover:

GASB 94

  • Defining Public-Public and Public-Private Partnerships
  • Accounting for these arrangements

GASB 97

  • Component Unit Criteria for IRS Section 457 deferred compensation plans
  • Changes in accounting and reporting requirements for 457 Plans

 

(1 CPE credit)

Common Audit Prep Problems & How to Solve Them

LSL Managing Partner Bryan Gruber, CPA and Technology Partner Gail Gray, CPA discuss common problems we see when you are preparing for your audit and specific things you can do to be pre-audit ready, including using technology to prep your working papers and get lead sheets organized.

(1 CPE credit)

Finding New Ways to Do the Same Work With Fewer People

You can’t get people in fast enough to get the work done, so what can you do? It’s time to stop putting a Band-aid over things! Senior Manager, Kelly Telford, CPA show you how to address project-based staffing issues and workflow bottlenecks.

(1 CPE credit)

Join us via Livestream!

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WHEN:

Thursday, April 21, 2022

8:00 am – 3:00 pm PST

Cost $95 per attendee.

Agenda (PST):

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8:00 –   9:00 am          1 hour             Check-in

9:00 –   9:10 am          10 minutes      Introduction – Managing Partner, Bryan Gruber, CPA

9:10 –  10:00 am         50 minutes      GASB 87 & 96 Update – Assurance Partner, Debbie Harper, CPA

10:00 – 10:10 am        10 minutes      Questions for Debbie 

10:10 – 10:20 am        10 minutes      BREAK

10:20 – 11:10 am        50 minutes      GASB 94 & 97 Update – Assurance Partner, Ryan Domino, CPA

11:10 – 11:20 am        15 minutes      Questions for Ryan 

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      Common Audit Prep Problems & How to Solve Them with LSL Managing Partner Bryan Gruber, CPA and Technology Partner Gail Gray, CPA

1:20 –   1:30 pm         10 minutes      Questions for Bryan & Gail 

1:30 –   1:40 pm         10 minutes      BREAK

1:40 –   1:50 pm         10 minutes      RAFFLE TIME

1:50 – 2:40 pm           50 minutes      Finding New Ways to Do the Same Work With Fewer People with Senior Manager, Kelly Telford, CPA

2:40 – 2:50 pm           10 minutes      Questions for Kelly 

End by 3:00 pm        10 minutes       WRAP UP

Get a Sneak Peek at Your Presenters

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FAQs

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 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. 

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

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Participants will gain an understanding upcoming GASB Updates, GASB 87 implementation strategies, and process optimization that will aid in the success of their finance department and organization.

Learning Objectives

GASB 87 & 96 Updates | Debbie Harper, CPA

They will learn how to properly account for:

  • Lease receivables as the lessor
  • Lease liabilities as the lessee
  • Disclosure requirements as the lessor and lessee
  • SBITAS

GASB 94 & 97 Updates | Ryan Domino, CPA

They will learn how to properly account for:

  • Public‐private partnerships, public‐public partnerships, and availability payment arrangements.
    (GASB 94)
  • Component Unit Criteria for IRS Section 457 deferred compensation plans & changes in accounting and reporting requirements for 457 Plans (GASB 97)

Common Audit Prep Problems & How to Solve Them | Bryan Gruber, CPA & Gail Gray, CPA

They will be able to:

  • Identify bottlenecks and inefficiencies when preparing for audit
  • Document & evaluate processes to ensure a clear methodology and successful succession planning

Finding New Ways to Do the Same Work With Fewer People | Kelly Telford, CPA

They will be able to:

  • Improve efficiencies by upgrading software
  • Outsource key repetitive functions & hire experts
  • Document processes
  • Value cross training
Who can attend

Accounting and finance department team members.

Pre-requisites

None.

CPE Credits

4.0 Auditing – Governmental

Instructional Delivery Method

“Group Internet Based” – provided in accordance with NASBA’s Guidelines and in person event. The in person live event was livestreamed via Zoom Webinar.

Complaint resolution
Refund and cancellation policy

A full refund will be issued if cancellation is made 7 days prior to event – April 14, 2022. Cancellations after April 14 will not be refunded. Should this event be cancelled, LSL will issue a full refund.