What Municipal Analysts Need to Know about Governmental Accounting

Date

May 23, 2018

Location

New York, NY

Hosted by

SIFMA and MAGNY

Overview

SIFMA has partnered with MAGNY and GASB’s Dean Mead to provide an educational seminar on the rules that state and local governments follow when accounting for and reporting their finances.

During this in-depth discussion, participants can expect to hear:

  • The basics from the perspectives of the financial statement analyst
  • How the accounting standards affect the information that analysts receive
  • The significant new changes to government financial reports

Registration includes a copy of the updated “An Analyst’s Guide to Government Financial Statements”, 3rd Edition (published March 2018), which will serve as the text for the session.

Program

8:00am – 8:30am

Continental Breakfast and Registration

8:30am – 10:15am

This session will cover: What do governments account for? Assets, liabilities, inflows and outflows, and other items. When do governments account for transactions? Recognition. How much do governments account for? Measurement. How do…

This session will cover:

  • What do governments account for? Assets, liabilities, inflows and outflows, and other items.
  • When do governments account for transactions? Recognition.
  • How much do governments account for? Measurement.
  • How do governments account for taxes, grants, and other “nonexchange” transactions?
  • What are the implications for the information that analysts receive?

10:15am – 10:30am

Networking Break

10:30am – 12:00pm

Topics to be addressed include: What does the financial report encompass? The financial reporting entity. How do governments communicate financial information? Financial statements, notes, and supporting information. Overview of the…

Topics to be addressed include:

  • What does the financial report encompass? The financial reporting entity.
  • How do governments communicate financial information? Financial statements, notes, and supporting information.
  • Overview of the financial report.
  • Financial statements: government-wide.

12:00pm – 1:00pm

Lunch

1:00pm – 2:45pm

Continuing the 10:30 am session, we will discuss: Financial statements: governmental funds, proprietary funds, and fiduciary funds. Key notes to the financial statements.

Continuing the 10:30 am session, we will discuss:

  • Financial statements: governmental funds, proprietary funds, and fiduciary funds.
  • Key notes to the financial statements.

2:45pm – 3:00pm

Networking Break

3:00pm – 5:00pm

This session rounds out the Governmental Financial Reporting portion with: Key notes to the financial statements (continued). Required supplementary information: budgetary comparisons, management's discussion and analysis, and pensions and OPEB.…

This session rounds out the Governmental Financial Reporting portion with:

  • Key notes to the financial statements (continued).
  • Required supplementary information: budgetary comparisons, management’s discussion and analysis, and pensions and OPEB.
  • Supplementary information: combining financial statements and the statistical section.
  • Open question-and-answer session.

5:00pm – 6:00pm

Networking Reception

Venue

SIFMA Conference Center

120 Broadway
Floor 2
New York, NY 10271

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Located at 120 Broadway, a National Historic Landmark and a New York treasure, the SIFMA Conference Center is situated at the heart of New York’s Financial District.

With a rare combination of advanced technologies and sophistication, SIFMA’s Conference Center is fully furnished and equipped to offer unique features that stand alone amongst New York’s leading conference facilities.

Picture of venue

Hotel Accommodations

If you require hotel accommodation, a special SIFMA rate is available at the following:

Double Tree by Hilton Hotel – Financial District
8 Stone Street, New York, NY  10004, Phone# 212-480-9100
DISCOUNT: Corporate ID #0560038852

Club Quarters
52 William Street, New York, NY 10005, Phone# 212-269-6400
DISCOUNT: Password (SIFMA)

Residence Inn New York Downtown Manhattan / World Trade Center
170 Broadway, New York, NY 10007, Phone# 212-600-8900
DISCOUNT: Password (SIFMA)

Terms and Conditions

Code of Conduct
SIFMA meetings and events are intended to educate and engage our members and industry participants in thoughtful conversations. Inappropriate behavior will not be tolerated. SIFMA defines inappropriate behavior as any possible illegal conduct, verbal or physical abuse of any type, use of derogatory or discriminatory language, gestures or actions, unwanted invasions of privacy, any form of harassment, racism, sexism, or any other targeted comments which are intended to cause personal offense to another participant either in-person at the event or through social media channels, or the violation of any local, state, or federal laws or regulations.

If you are involved in or witness an incident at a SIFMA meeting or event that violates this Code of Conduct, please use this anonymous incident report form to let SIFMA know immediately. Please provide as much information as possible about the incident so that we can make a proper investigation. Any violations of law should be reported to law enforcement authorities.

SIFMA will investigate any reported incidents swiftly and confidentially if possible. SIFMA, at our discretion, may act on any reports of inappropriate behavior, including but not limited to removing a participant from the meeting or event and/or bar that person from attending future SIFMA meetings or events. SIFMA shall not refund any money paid for such attendee to attend the meeting or event, or for any travel expenses incurred to attend.

Attendee Roster
For your name to be included in the Attendee Roster, your completed registration form and payment must be received no later than two weeks prior to the event. Registrations received after that time will not be included in the Roster.

Substitutions
Conference registration substitutions are welcome. Email [email protected] with the following information and we will confirm the change: original registrant’s full name, substitute registrant’s full name, mailing address, title, phone and email.

Cancellations
Refunds will be granted for cancellations made three weeks prior to the start of the event. All cancellation requests are subject to a $100 processing fee and must be made in writing.