GASB is changing financial reporting again. No worry. Come
to a special workshop on Friday morning, December 8, 2017 and learn
about these changes First the two government wide statements, the eight fund perspective
statements and the requirements of the Management's Discussion and
Analysis (MD&A) of GASB 34. Next, keep up with the GASB 54 Fund Balance and Fund Definition changes. Then learn about deferred outflows and inflows of resources which may result in a Statement of Resource Flows and Statement of Financial Position which may replace the statement of activities and the statement of net assets. Finally, learn about the economic condition - financial projections projects, all of which changes the landscape of our GASB financial reports. All Massachusetts' municipalities, regional school
districts and other entities must report financial statements consistent
with GASB Statements. The primary goal of this workshop is to
provide a basic understanding of the GASB financial statement requirements and upcoming changes.
I am opening the
current Uniform Massachusetts Accounting System (UMAS) class to others
to provide a timely and informative session on the Basic Statements
and the MD&A.
You are then invited to attend the DOR/DESE Roundtable that afternoon.