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Local Governments in British Columbia must comply with Public Sector Accounting Standards set by the Public Sector Accounting Board (PSAB). There are several differences between the requirements of PSAB and Generally Accepted Accounting Principles - standards for private corporations which comprise both Accounting Standards for Private Enterprises and International Financial Reporting Standards.
This course reviews the requirements and components required for public sector financial statements and will explore the various statements and elements for financial reporting that are unique to local government, with the goal of providing participants with the knowledge they require to prepare annual financial statements for their organization.
Who Should Attend:
This workshop will be of benefit to anyone who is involved in or has the responsibility for the preparation of financial reporting in local government.
Benefits of Attending:
Participants will benefit from working with a current local government practitioner who is responsible for preparing financial statements as well as an audit practitioner who works with many local government clients. This course will provide information that will provide you with current best practices and current regulations for completing public sector financial statements.
May 2015, Penticton