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<p class="MsoNormal">Good afternoon ACFR Contacts,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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. <o:p></o:p></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo1">GASB96/94 Training video:
<a href="https://youtu.be/gV7Wt2rZkm0">https://youtu.be/gV7Wt2rZkm0</a><o:p></o:p></li></ul>
<ul style="margin-top:0in" type="disc">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l2 level1 lfo2">Training PowerPoint slides:
<a href="https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20and%2094%20Training%20(Power%20Point%20Slides).pdf">
https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20and%2094%20Training%20(Power%20Point%20Slides).pdf</a><o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l2 level1 lfo2">Training Exercise #1:
<a href="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">
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</a><o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l2 level1 lfo2">Training Exercise #2:
<a href="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">
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</a><o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l2 level1 lfo2">Training Exercise #3:
<a href="https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20%26%2094%20Exercise%203%20-%20Partial%20Termination.pdf">
https://www.oregon.gov/das/Financial/Acctng/Documents/May%2010,%202023%20GASB%2096%20%26%2094%20Exercise%203%20-%20Partial%20Termination.pdf</a><o:p></o:p></li></ul>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">For direct access, the slides and exercises are located on our Training and Resources page, under “Accounting and Reporting Training”.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Once again, viewing this training is a <b><u>Gold Star requirement</u></b>. 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, <b><u>5/26/2023</u></b>.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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):<o:p></o:p></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level1 lfo3">D10 – Comptroller Objects<o:p></o:p></li><ul style="margin-top:0in" type="circle">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">1701 – Subscription-Based IT Contracts Incurred<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">2333 – Gain (Loss) on Subscription-Based IT Asset<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">4376 – Variable Subscription-Based IT Payments<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">4377 – Other Subscription-Based IT Payments<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">5356 – IT Asset Acquired Under Subscription>=$5K<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">7009 – Principal Pmt for Subscription IT Assets<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">7402 – Interest Pmt for Subscription IT Assets<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">7489 – Amort of Subscription-Based IT Assets<o:p></o:p></li></ul>
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level1 lfo3">D31 – GL Accounts<o:p></o:p></li><ul style="margin-top:0in" type="circle">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">0819 – Subscription-Based IT Asset<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">0895 – Accum Amort of Subscr-Based IT Arrangements<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">1282 – Subscription-Based IT Obligations-Cur<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">1728 – Subscription-Based IT Obligations-NC<o:p></o:p></li></ul>
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level1 lfo3">D14 – Balance Sheet Classes<o:p></o:p></li><ul style="margin-top:0in" type="circle">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">076 – Accum Amort – Subscription-Based IT Asset<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">084 – Subscription-Based IT Asset<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">123 – Subscription-Based IT Obligations-Cur<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level2 lfo3">163 – Subscription-Based IT Obligations-NC<o:p></o:p></li></ul>
</ul>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you have any questions, please reach out to your SARS analyst.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Rob<span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Robert W. Hamilton, CPA</span></b><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535"><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Statewide Accounting and Reporting Services Manager</span></b><b><span style="font-family:"Verdana",sans-serif;color:#353535"><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif">Chief Financial Office</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif">Department of Administrative Services</span><span style="font-size:8.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif">Cell: (971) 719-3031<o:p></o:p></span></p>
<p class="MsoNormal"><a href="http://www.oregon.gov/DAS/financial/acctng"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:blue">http://www.oregon.gov/DAS/financial/acctng</span></a><span style="font-size:8.0pt;font-family:"Verdana",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt"> </span><span style="font-size:8.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Data Classification: Level 1 - Published</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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