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How to Prepare Massachusetts Combined Balance Sheet and GASB 34 Fund Financial Statements
June 22, 2017

Course Description
Last Updated: March 12, 2018

Course Description


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The next How to Prepare Massachusetts Combined Balance Sheet and GASB 34 Fund Financial Statements Class will be conducted on Thursday, June 22, 2017 at the Needham School Administration Building. This class is offered to municipal and school officials and private sector individuals and related staff that desires a basic course in preparing financial statements. The first day (June 22) develops the knowledge and a template to produce the Combined Balance Sheet for Free Cash or E&D Certification. The second day (September 27) continues the work on the Combined Balance Sheet and begins to develop the template for the GASBS No. 34 eight Fund Perspective statements. The third day (October 13) is to continue to work on the Fund Statements and complete the Combined Balance Sheet if necessary. We will also discuss the two Government Wide Statements and the Managementís Discussion and Analysis (MD&A). This is not an overview class on how to read the statements; this is a how to do it class using combining and combined Excel spreadsheets to prepare these statements. Bring your trial balances and laptops to these workshops.

With SAS 112 and 115, it is important for you to have a working knowledge of your financial statements. This class will teach you how to prepare your Combined Balance Sheet using Excel templates to complete it for the fall filing. Then you will learn how to tweak the Combined Balance Sheet to prepare your GASB 34 Fund Perspective Statements. By preparing these statements, you will have the template and the knowledge to prepare these statements in subsequent years, while reducing your audit fee permanently going forward. Then we will discuss the Government Wide Statements and the Management's Discussion and Analysis (MD&A). This class is scheduled to prepare your Combined Balance Sheet in September to facilitate timely reporting.

This class will cover:

Day 1 Department of Revenue Reporting

  • Combined Balance Sheet
  • Free Cash and E&D Certifications

Day 2 and Day 3 GASBS No. 34 Reporting

  • GASBS No. 34 Fund Perspective Statements
    • Governmental Funds balance sheets, Statement of revenues, expenditures and changes in fund balances, and the Budget to Actual Comparison statements
    • Proprietary Funds Statement of Net Assets, Statement of Revenues, Expenses and Changes in Net Assets, and Statement of Cash Flows
    • Fiduciary Funds Statement of Fiduciary Net Assets and Changes in Fiduciary Net Assets
    • Reconciliations to the government wide statements
  • Overview of GASBS No. 34 Government Wide Statements
    • Statement of Net Assets
    • Statement of Activities
  • Overview of Managementís Discussion and Analysis (MD&A)
Dates: Wednesday, June 13, Thursday, September 13, October 4, and December 6, 2018

Needham School Administration Building, MA


Balance Sheet for E&D and Free Cash Certification (Days 1 and 2): $449.00
GASB Fund Balance Sheets (Days 3 and 4): $449.00
This is a cost for the district which means you can bring more than one person. You can have 1,2,3,4 or as many as you want.
Time: 9:30 a.m. to 1:30 p.m.
CPE Credit Hours:



Mark D. Abrahams, CPA



For more information, please contact Mark D. Abrahams at 508 788-9172 or at or complete the online registration form. Visit for more information and information about other classes.