"Financial Statements-Your Guide to the Compilation and Audit Process" Seminar

"Financial Statements-Your Guide to the Compilation and Audit Process" Seminar
March 7, 2013
Forest Park Senior Center
11555 Winton Road
Forest Park
, OH 45240


8:30 -8:55 a.m. – Registration/Continental Breakfast

8:55 – 9:00 a.m. – Welcome and Introductions

9:00 – 10:50 a.m. – GAAP Financials – What does it all mean?
This session will cover the basics of GAAP statements.  Topics include program revenues, full accrual vs. modified accrual, the basics of the balance sheet, the MD&A, capital asset reporting.

10:50 – 11:00 a.m. – Break

11:00 a.m. – Noon – The New RFP Process for Your Audit
This session will explore the new guidelines and processes put in place by the Auditor of State for the RFP Process used when selecting an IPA Firm. 

12:00 – 1:00 p.m. - Lunch

1:00 - 2:30 p.m. – Explaining Financial Information to Non-Accountants
This session will help prepare you to explain both GAAP and Budgetary Information to Non-Accountants – primarily citizens, governing board, city council, etc.  

2:30 – 2:45 p.m. - Break

2:45 – 4:00 p.m. – GASB Updates
This session will review GASB Statement No. 63 – Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources and Net Position and GASB 65 – Items Previously Reported as Assets and Liabilities.  A thorough explanation of the statements will be included and working examples on how to implement these statements and their effect on the financials.

Also, the session will include an overview of the new pension standards along with the GASB Codification project

Ohio GFOA Members $75; non-members $100.  A continental breakfast, lunch and refreshments are included.

Ohio GFOA’s Financial Statements - Your Guide to the Compilation and Audit Process Seminar will provide 8 CPE hours in Category AA.

Cancellations must be received in the Ohio GFOA office by Monday, March 4, 2013.  A $10 cancellation fee will be charged.  There are no refunds after March 4, 2013.

Area Hotels
If you need overnight accommodations, following are a couple of hotels to contact.  Ohio GFOA does not have a room block at either hotel.

SpringHill Suites Cincinnati North/Forest Park
12001 Chase Plaza Drive, Forest Park, OH 45240
Comfort Suites
1234 Omniplex Drive, Forest Park, OH 45240

Call Rhonda Weidman at the Ohio GFOA office: (614) 221-4715, E-Mail: