GOV2308. Who's in My Financial Reporting Entity?

A fundamental aspect of governmental financial reporting is establishing the boundaries of a government's financial reporting entity. This session describes the financial reporting entity and delves into the numerous criteria that determine whether legally separate entities should be included and how they should be presented. In addition to discussing the provisions of GASB Statements 14, 61, 80, 84, and 90, this session will highlight guidance in GASB Statement 97 and recent Implementation Guides.

Learning Objectives:

• Identify the components of a government's financial reporting entity
• Apply the criteria for inclusion as a component unit
• Analyze and apply the criteria for reporting as a fiduciary activity
• Identify the provisions of GASB Statement 97 related to defined contribution pension and OPEB plans