GASB Statement 103 – Financial Reporting Model Improvements
Credit Available - See Credits tab below.
Total Credits: 1.5 Accounting & Auditing. Government
- Speakers:
- David Bullock | Frank Crawford
- Duration:
- 10:00 AM (PST) to 11:30 AM
- License:
- Never Expires.
Description
CSMFO Webinar
GASB Statement 103 – Financial Reporting Model Improvements
a CSMFO webinar
10:00-11:30 a.m., Thursday, March 13, 2025
Just when you thought it was safe to go back into the water – the Governmental Accounting Standards Board (GASB) issued Statement 103, Financial Reporting Model Improvements. How did this happen? And what does it do? The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This Statement also addresses certain application issues.
Join us for an opportunity to hear from two of the Task Force members who worked with GASB on this undertaking, which was begun in 2015. Learn about the role of GASB task forces in the standards setting process, and hear the backstory of how we got here. Then, we’ll turn our attention to what this financial reporting model update will do with respect to our ACFRs. Get clarity about who needs to comply with its requirements and by when, and identify the key areas that will see the most significant changes.
The effective date for this pronouncement is for fiscal years beginning after June 15, 2025, with earlier application encouraged. This is a not-to-be missed webinar!
Advance registration is required for this no-cost webinar.
Webinar Objectives:
- Understand the key provisions of GASB Statement 103;
- Learn about the impacts on your ACFR; and
- Learn about key implementation components and deadlines.
Presenters:
- David Bullock, Partner, Macias Gini & O’Connell LLP
- Frank Crawford, President, Crawford & Associates, P.C.
Color Commentator: Grace Zheng, Mountain View
Audience:
- Local government finance professionals
Continuing Professional Education: 1.5 CPE (Accounting & Auditing, Government)
Cost: Free for CSMFO members
$35 for non-CSMFO members
Not a member? Consider joining CSMFO today! Click here to join.
Credits
Faculty
David Bullock Related Seminars and Products
Partner, Macias Gini & O’Connell LLP
Macias Gini & O’Connell LLP
David Bullock is an Assurance Services Partner in Macias Gini & O’Connell’s (MGO) San Francisco Bay Area practice. He has over 25 years of professional experience providing auditing, accounting, tax, and consulting services to the private and public sectors. David is MGO’s State and Local Government Industry Line Leader and is involved in making decisions and setting firm-wide policies on technical auditing, accounting, and financial reporting matters. David’s leadership also extends beyond MGO, as he is heavily involved in shaping the accounting and auditing profession at a state-wide and national level. David recently completed a three-year term on the AICPA State and Local Government Expert Panel and continues to serve on the CalCPA Governmental Accounting and Auditing Committee. David participated on the task force that assisted with the Governmental Accounting Standards Board’s (GASB) Financial Reporting Model project. Leading up to the most recent GASB appointment, he has been very active in thought leadership by participating in GASB roundtables and interviews, and has a long history of working with California stakeholders on such matters as redevelopment dissolution, pension and OPEB guidance, and fiduciary and lease accounting.
Frank Crawford Related Seminars and Products
President of Crawford & Associates, P.C.
Crawford & Associates, P.C., Certified Public Accountants
Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK. The firm specializes in providing auditing, consulting, and accounting services solely to governmental entities and is a member of the American Institute of Certified Public Accountants (AICPA) and the AICPA Government Audit Quality Center. Over the last 41 years, Frank, as President of Crawford & Associates, has provided a variety of audit and accounting services to all sizes and types of governmental entities, including financial statement audits and attestation services, non-attestation services such as financial statement preparation services, general accounting and advisory services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, and expert witness services
Dates
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