MGFOA Back to Basics 2023 - Session I
Fundamental Elements of Governmental Accounting
April 24, 2023
9:00am - 2:30pm
Okemos Conference Center
2187 University Park Dr.
Okemos, MI 48864
|Individual Sessions||Package of Three Sessions|
|Member||$90 ($115 after deadline)*||$240 ($255 after deadline)*|
|Non-Member||$100 ($125 after deadline)*||$270 ($285 after deadline)*|
*Note: An additional $5 processing fee will be charged for using the hard-copy registration form.
The registration fee includes instructions, printed materials, refreshments, and lunch.
Package - Early Registration Deadline: April 10, 2023
Session I - Early Registration Deadline: April 10, 2023
Session II - Early Registration Deadline: May 10, 2023
Session III - Early Registration Deadline: October 10, 2023
Refunds will be made ONLY if MGFOA is notified by the Early Registration deadlines listed above. If you have registered and find that you cannot attend, you may transfer your registration to another person. Rates may vary based on membership status. Please notify MGFOA of this occurrence. No cancellations will be accepted for the package of (3) sessions after April 10, 2023. However, if due to unforeseen circumstances you cannot attend session II or III and notify MGFOA prior to the cancellation date, your registration for that session will be carried forward to 2024.
Registration begins at 8:30AM. The program starts at 9:00AM and ends at approximately 2:30PM. Lunch will be served at noon.
The Michigan Government Finance Officers Association is proud to offer a package of three one-day seminars designed for practitioners in the field of public finance who are responsible for the accounting and budgeting functions in their governmental units. Participants must have had basic accounting and bookkeeping training to enroll in this program.
Certificates of completion will be awarded to participants who successfully complete the series of three seminars within two years. Each seminar qualifies for five (5) CPE or .5 CEU credits. The CPE credits qualify for governmental accounting and auditing.
About the Speakers:
Bill Brickey, audit partner, and Carolyn Lorenz, consulting manager, at Plante Moran and between them, they have over 40 years of experience working in the governmental sector. Both Bill and Carolyn are CPA's that specialize in serving governmental units of all sizes as auditors and financial advisors
I. Fundamental Elements of Governmental Accounting
This seminar will introduce the concepts of fund accounting with emphasis on Governmental GAAP and their applications, as well as the state mandated uniform accounting system for local units. Accounting for Governmental, Special Revenue and Proprietary Funds will also be covered, as will current issues in governmental accounting. The session will include a discussion of GASB 34, its background and elements needed to prepare the government wide financial statements.
II. Public Financial Statements
This program is designed for individuals in the field of public finance who are responsible for the financial reporting functions in their governmental units and those who would like to learn how to read and analyze a governmental financial statement. This seminar includes instruction and discussions about financial reporting in Michigan under the requirements of PA 2 of 1968, the Uniform Accounting Act for Local Units of Government. The Government Finance Officers Association (GFOA) criteria for achieving the Award for Excellence in Financial Reporting, including the requirements of clarity, comparability and completeness will be reviewed and demonstrated.
III. Governmental Budgeting
This seminar includes instructions, discussions and samples of governmental budgeting as practiced in Michigan under the requirements of PA 621 of 1978, the Uniform Budgeting and Accounting Act for Local Units of Government. Topics will include:
- The budget as a policy document
- The budget as an operations guide
- The budget as a financial plan
- The budget document as a communications device
Those successfully completing all three Back to Basics sessions will be eligible to attend the Spring Seminar following their final Back to Basics course, complimentary. The courses do not have to be done in order, but must be completed within two calendar years. For example: you may take Sessions II & III one year and complete Session I the following year. The offer for complimentary Spring Seminar attendance is not transferable, and cannot be extended beyond the Spring Seminar following your completion of the Back to Basics series.