2020 Governmental Accounting Update

I am pleased to announce that on June 4, 2020, the Office of the State Controller will host the 2020 OSC Governmental Accounting Update. In respect for everyone's safety and the importance of social distancing, this conference will be presented virtually rather than in person. This virtual conference will provide an update of recent activities of the Governmental Accounting Standards Board (GASB) and other topics including data security, grant compliance, cyber threats, HIPAA, and IRS compliance. Attendance will qualify for up to eight hours of CPE credit. The course announcement is attached for your review. Instructor biographies are available on OSC's website.   

The registration fee is $40 per attendee. To register for this conference, visit the Office of the State Controller website. Please register as soon as possible as the registration deadline is Thursday, May 28, 2020. Payments must be made on or before this date. After this date, no requests for refunds will be considered. Please refer to OSC's registration policies for more information regarding refunds, cancellations, or complaints. 

Payment can be made by credit card or electronic transfer in the Cash Management Control System (CMCS) to the Office of State Controller. Agencies should register attendees individually (with separate email addresses).  Agencies using CMCS can submit one payment to cover all registration fees if all necessary notations have been made.

If you are paying by electronic transfer, please follow the instructions below: 

•    NCAS agencies: Use IGO vendor number 561611588-03. For the cash management transfer, in the description or remit message line, you must include the following for proper processing:  attendee full name; reference 2020 Governmental Accounting Update.
 
•    Non-NCAS agencies paying through CMCS: Use department code 4161 for payment in the description or remit message line. You must include the following for proper processing:  attendee full name; reference 2020 Governmental Accounting Update.

If you have questions, please contact Jan Prevo at jan.prevo@osc.nc.gov or 919-707-0714. We look forward to your participation in the conference and thank you for your service to our State.
 

Linda Combs, State Controller

Date:             

June 4, 2020 | 8:15 a.m. to 4:50 p.m.

Location:     

Web-based Virtual Conference 
 

Objective:    

To gain an understanding of recent activities of the Governmental Accounting Standards Board (GASB) and other topics including data security, cyber threats, and compliance. 

Content:         

GASB Update - Chris Pembrook, Crawford & Associates

• GASB 84, Fiduciary Activities - including the Implementation Guide No. 2019-2
• GASB 87, Leases - including the Implementation Guide No. 2019-3
• GASB 89, Accounting for Interest Cost Incurred before the End of a Construction Period
• GASB 90, Majority Equity Interests - an amendment of GASB Statements 14 and 61
• GASB 91, Conduit Debt Obligations
• GASB 92, Omnibus 2020
• GASB 93, Replacement of Interbank Offered Rates
• GASB 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
• Implementation Guide No. 2019-1-Implementation Guidance Update
• GASB Exposure Draft, Postponement of the Effective Dates of Certain Authoritative Guidance
• GASB Exposure Draft, Certain Component Unit Criteria and Accounting and Financial Reporting for IRC 457 Deferred Compensation Plans

Other Governmental Accounting Topics - Elliott Davis

• IRS compliance issues
• Grant compliance
• Data security and cyber threats
• Applicability of HIPAA law to governmental entities

Instructors:   

• Chris Pembrook - Crawford & Associates
• Denise Hill, Janice Ratica, Tom McNeish, Jimmy Buddenberg and Ira Bedenbaugh - Elliott Davis

CPE Credit Offered:         

Up to eight hours

Fields of Study:

Accounting - Governmental, Taxes, Information Technology, Specialized Knowledge

Materials:     

Available in advance on the OSC web page

Instructional Delivery Method:         

Group internet based

Lunch:           

12:05 p.m. – 1:05 p.m. (on your own)

Prerequisites:  

Must be employed by a State agency or institution that is part of the State financial reporting entity (i.e., an entity included in the State’s Comprehensive Annual Financial Report)

Advance Preparation:  

None

Level:             

Basic

DEVELOPER:  Crawford & Associates, PC and Elliott Davis

SPONSOR:  NC Office of the State Controller

REFUND POLICY