Financial Statement Review (Public) - NACUBO

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REPORTING ENTITY• Current year issues to considero Reporting options for FASB reporting componentunits (CIG 4.33.1-4)(University of Alaska Foundation)o Concerns that implementation of the GASB 61 willresult in ‘de-blending’ entities formerly blended• Relationships that lack financial benefit/burdeno Need to review changes to bylaws and othergoverning documents that establish relationships20
POSSIBILITY OF DE-BLENDINGImpact for “de-blending” situations:• Formatting of the financial statements• <strong>Statement</strong> of cash flows• Note disclosures for major component units• Segregation of disclosures for DCU’s• Recognition of equity interests• Changes in opinion units• Group audit considerations21
Page 6 and 7: MANAGEMENT DISCUSSION AND ANALYSIS
Page 8 and 9: Statement 60Accounting and Reportin
Page 10 and 11: SERVICE CONCESSION ARRANGEMENTSWhat
Page 12 and 13: SERVICE CONCESSION ARRANGEMENTSTRAN
Page 14 and 15: SERVICE CONCESSION ARRANGEMENTSWhat
Page 16 and 17: SERVICE CONCESSION ARRANGEMENTSOthe
Page 18 and 19: REPORTING ENTITYThe most significan
Page 22 and 23: Statement 62Codification of Pre-Nov
Page 24 and 25: GASB 62 - BASIC GUIDANCE• Superse
Page 26 and 27: BASIC FINANCIAL STATEMENTS - GAAP
Page 28 and 29: GASB 63 - BACKGROUND INFORMATIONCon
Page 30: GASB 63 - CURRENT DEFERRALS• Ther
Page 33 and 34: FOOTNOTES• Cash/Investmentso Inve
Page 35 and 36: FOOTNOTES• Capital assetso Roll-f
Page 37 and 38: FOOTNOES• Pension plans - commonl
Page 39 and 40: REQUIRED SUPPLEMENTARY INFORMATION
Page 41 and 42: The material appearing in this pres
Page 43: Thank You43

Financial Statement Review (Public) - NACUBO

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