[ACFR-contacts-news] Recording of GASB 96 and 94 Training + GASB 96 profiles

[HAMILTON Robert W * DAS]

Good afternoon ACFR Contacts,

I am pleased to inform you that the GASB 96/94 training is now available on YouTube! Please see the links below. Please keep in mind that there is a break during the transition between GASB 96 and GASB 94. This break begins at about 1:07:40 and ends at 1:20:19. Please feel free to skip this portion of the video. Additionally, you will note that some of the questions and answers throughout are somewhat difficult to hear since there are not microphones throughout the auditorium. There is also a short period of time with sound issues at around 6:49 due to an internet disruption, but it comes back shortly after that. With respect to closed captions, we've encountered a problem after the break, but not wanting to delay the publication of the training any longer, we've opted to proceed as-is. If anyone would like an updated transcript once it's corrected, please let us know. We apologize for these issues but I think it gives us a good experience as we get ready Year-end Close Training, which will also be recorded.

  *   GASB96/94 Training video: https://youtu.be/gV7Wt2rZkm0

  *   Training PowerPoint slides: https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20and%2094%20Training%20(Power%20Point%20Slides).pdf
  *   Training Exercise #1: https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023,%20GASB%2096%20%26%2094%20Exercise%201%20-%20Establishment,%20Payment,%20and%20Year-end%20Adjustments.pdf
  *   Training Exercise #2: https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20%26%2094%20Exercise%202%20-%20Establishment%20and%20Payment%20(Prepaid).pdf
  *   Training Exercise #3: https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20%26%2094%20Exercise%203%20-%20Partial%20Termination.pdf

For direct access, the slides and exercises are located on our Training and Resources page, under "Accounting and Reporting Training".

Once again, viewing this training is a Gold Star requirement. If you were unable to attend in person, please watch the recording and then send your SARS analyst an email indicating that you watched it by the end of the day on Friday, 5/26/2023.

Although they are included in the slides, I have also included the new GASB 96 profiles that were created (GASB 94 profiles will also be provided once finalized):

  *   D10 - Comptroller Objects
     *   1701 - Subscription-Based IT Contracts Incurred
     *   2333 - Gain (Loss) on Subscription-Based IT Asset
     *   4376 - Variable Subscription-Based IT Payments
     *   4377 - Other Subscription-Based IT Payments
     *   5356 - IT Asset Acquired Under Subscription>=$5K
     *   7009 - Principal Pmt for Subscription IT Assets
     *   7402 - Interest Pmt for Subscription IT Assets
     *   7489 - Amort of Subscription-Based IT Assets
  *   D31 - GL Accounts
     *   0819 - Subscription-Based IT Asset
     *   0895 - Accum Amort of Subscr-Based IT Arrangements
     *   1282 - Subscription-Based IT Obligations-Cur
     *   1728 - Subscription-Based IT Obligations-NC
  *   D14 - Balance Sheet Classes
     *   076 - Accum Amort - Subscription-Based IT Asset
     *   084 - Subscription-Based IT Asset
     *   123 - Subscription-Based IT Obligations-Cur
     *   163 - Subscription-Based IT Obligations-NC

If you have any questions, please reach out to your SARS analyst.

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Cell: (971) 719-3031
http://www.oregon.gov/DAS/financial/acctng

Data Classification: Level 1 - Published

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