Educational Webcasts and Webinars

In Focus: Overview of GASB Proposals for Financial Statement Users

Date: Thursday, September 5, 2013

Time: 3:00–4:00PM, Eastern Daylight Time

The Governmental Accounting Standards Board (GASB) is pleased to announce a webcast providing an overview of its proposals on asset and liability measurement concepts and the measurement, application, and disclosure of fair value based on the plain-language due process document for users, Measurement Concepts for Assets and Liabilities and Fair Value Measurement and Application. The webcast is specifically for the users of governmental financial information―for example, representatives from citizen groups (research organizations), those that participate in the lending process (bond analysts), and legislative and oversight bodies (legislative analysts). The goal of this webcast is to provide financial statement users with the background information needed to participate in the due process associated with the GASB proposals.

The areas covered will include:
  1. The provisions of the GASB’s proposed Concepts Statement, Measurement of Elements of Financial Statements
  2. The provisions of the GASB’s Preliminary Views on Fair Value Measurement and Application and how they would affect:
    1. How governments measure the fair value of assets
    2. What assets are measured at fair value
    3. The fair value information disclosed in the notes to the financial statements
  3. How the proposals would impact the information that users receive.
Speakers: David Bean, GASB director of research and technical activities; Randy Finden, GASB project manager; and Dean Mead, GASB research manager.

Learning Objectives: At the end of this program, participants will understand the changes the GASB is proposing and their potential effect on the information that users receive in financial statements and note disclosures. Participants will be prepared to respond to a brief survey after the webcast that will provide the GASB feedback on its proposals. Participants will have the opportunity to email questions to the speakers during the event.

Registration: To register for this event, please use this link.

Delivery Method: Group-Internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: None

Recommended CPE: 1.0 hour; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course, including completing the survey. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.

Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by e-mail as soon as possible if the course is cancelled for any reason.

Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact

Official National Registry of CPE Sponsor’s Statement

The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

NASBA National Registry of CPE Sponsors—Sponsor License Number 107522

Texas Sponsor Number 000016