April 29, 2026
1 – 3 p.m. ET
April 30, 2026
1 – 3 p.m. ET
May 1, 2026
1 – 3 p.m. ET
Prerequisite: A basic understanding of GAAP for state and local governments.
Details
This virtual course is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used by state and local governments for long-term liabilities with the main focus on debt instruments. The discussion of liabilities includes compensated absences and claims payable. The virtual course includes a discussion on ‘what government issuers need to know’ ahead of issuing general obligation debt.
*The content taught in this virtual class is the equivalent to the long-term liabilities content taught in person in the Intermediate Governmental Accounting class.
*Liabilities related to leases, SBITAs and PPP agreements are taught in a separate virtual course.
Learning Objectives
Those who successfully complete this seminar should be able to:
- Identify the common types of debt instruments issued by governments;
- Understand what government issuers of general obligation debt need to know about the debt market;
- Prepare financial statements that conform to the display and disclosure requirements of generally accepted accounting principles (GAAP) for long-term debt; and
- Identify the essential elements of presenting and reporting long-term liabilities other than debt instruments, such as asset retirement obligations, claims payable, compensated absences.
Member Price: $275.00
Non-Member Price: $550.00