APIPA2024 - Course Detail

15Track C

Performeter and GASB Updates

08/29/2024
08:00 a.m. - 05:00 p.m.
8 hours

Course Description

The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government. Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Position, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc. This session will describe the Performeter tool, highlight recent results by insular area, and consider next steps for island governments' financial health and performance.

This session will also take a detailed look into more recent GASB standards that have been issued and are either applicable or will be in the near future, including GASB 87 on Leases, GASB 96 related to Subscription-Based Information Technology Arrangements (SBITA), Statement 94 on Public-Private or Public-Public Partnerships (P3s), Statements 100-103, and including the financial reporting model improvements. In addition, this session will take a look at the future of standard-setting and where the GASB will most likely be going next.

What You Will Learn

Learning Outcomes:

Describe the Performeter tool
Review recent results by insular area
Review next steps for island governments' financial health and performance.
GASB Updates! In addition, participants will take a look at the future of standard-setting and where the GASB may be going next.

Who Should Attend?

APIPA conference sessions are intended for island government accountability professionals. Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.

Conference Begins in...

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Instructors

David Bean

Springfield, IL

David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities. Prior to his retirement from the Governmental Accounting Standards Board (GASB) in 2021, David served as the GASB director of research and technical activities over 30 years.

Frank Crawford

Oklahoma City, OK

Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK. He is currently the Chairman in the Oklahoma Society of CPAs Government Accounting and Auditing Committee (19 years) and has also been involved in a number of other AICPA committees and task forces. Frank was also recognized as a recipient of the Graduate School's "2010 Instructor Excellence Award".